Lenovo Group Ltd. (OTCMKTS:LNVGY) Short Interest Update

Lenovo Group Ltd. (OTCMKTS:LNVGY) saw a significant decline in short interest during the month of March. As of March 31st, there was short interest totaling 75,028 shares, a decline of 32.5% from the March 15th total of 111,138 shares. Based on an average daily trading volume, of 152,656 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Lenovo Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 10th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Lenovo Group presently has an average rating of “Hold”.

Lenovo Group Stock Performance

Shares of Lenovo Group stock traded up $0.21 during trading on Wednesday, reaching $27.11. The company’s stock had a trading volume of 22,286 shares, compared to its average volume of 135,136. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.71 and a current ratio of 0.96. The business’s fifty day moving average price is $24.19 and its 200-day moving average price is $25.44. The firm has a market cap of $16.81 billion, a price-to-earnings ratio of 12.61, a price-to-earnings-growth ratio of 1.13 and a beta of 0.60. Lenovo Group has a one year low of $19.81 and a one year high of $32.69.

Lenovo Group (OTCMKTS:LNVGY) last issued its quarterly earnings results on Wednesday, February 11th. The technology company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.22. Lenovo Group had a return on equity of 25.60% and a net margin of 1.89%.The firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $20.65 billion. As a group, equities research analysts predict that Lenovo Group will post 2.06 earnings per share for the current year.

Lenovo Group Company Profile

Lenovo Group is a multinational technology company known primarily for the design, manufacture and sale of personal computers, servers, storage and smart devices. Its product portfolio spans consumer and commercial PCs (notable brands include ThinkPad, IdeaPad, Yoga and Legion), workstations, enterprise-class ThinkSystem servers and storage, as well as tablets, smartphones (notably through its Motorola Mobility acquisition), smart home devices and related software. Lenovo also provides IT services and solutions, including systems integration, managed services and lifecycle support for enterprise customers.

The company traces its origins to 1984 when it was founded in Beijing as Legend by Liu Chuanzhi; it later adopted the Lenovo name and expanded through a series of strategic acquisitions.