Short Interest in Lenovo Group Ltd. (OTCMKTS:LNVGY) Increases By 99.0%

Lenovo Group Ltd. (OTCMKTS:LNVGY) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 101,751 shares, an increase of 99.0% from the May 14th total of 51,122 shares. Based on an average trading volume of 260,441 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Lenovo Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Lenovo Group Price Performance

OTCMKTS LNVGY traded down $2.12 during trading hours on Friday, hitting $57.25. 78,482 shares of the company’s stock traded hands, compared to its average volume of 175,030. Lenovo Group has a 52-week low of $21.00 and a 52-week high of $68.79. The company has a market capitalization of $35.51 billion, a PE ratio of 20.67, a PEG ratio of 2.04 and a beta of 1.10. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.96 and a quick ratio of 0.71. The firm’s 50-day moving average is $38.32 and its 200-day moving average is $28.99.

Lenovo Group (OTCMKTS:LNVGY) last announced its quarterly earnings data on Thursday, May 21st. The technology company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.28. Lenovo Group had a net margin of 2.30% and a return on equity of 28.52%. The company had revenue of $21.59 billion during the quarter, compared to analysts’ expectations of $19.39 billion. Equities analysts forecast that Lenovo Group will post 2.75 EPS for the current fiscal year.

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.