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

Lenovo Group Ltd. (OTCMKTS:LNVGY) was the target of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 40,458 shares, a decline of 35.6% from the April 15th total of 62,775 shares. Based on an average daily volume of 102,378 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

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

Lenovo Group Price Performance

OTCMKTS LNVGY traded up $0.83 during trading hours on Monday, reaching $32.32. 80,601 shares of the company’s stock were exchanged, compared to its average volume of 116,303. The stock has a market cap of $20.05 billion, a PE ratio of 15.03, a price-to-earnings-growth ratio of 1.37 and a beta of 0.78. Lenovo Group has a one year low of $21.00 and a one year high of $35.60. The firm has a fifty day moving average of $27.01 and a 200-day moving average of $25.55. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.56.

About Lenovo Group

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.