Lenovo Group Ltd. (OTCMKTS:LNVGY) Short Interest Down 76.9% in June

Lenovo Group Ltd. (OTCMKTS:LNVGY) saw a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 23,463 shares, a decline of 76.9% from the May 31st total of 101,751 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 388,924 shares, the short-interest ratio is presently 0.1 days.

Lenovo Group Trading Down 9.2%

Shares of OTCMKTS:LNVGY traded down $5.53 during trading on Monday, reaching $54.94. The stock had a trading volume of 38,059 shares, compared to its average volume of 124,143. Lenovo Group has a 52 week low of $21.00 and a 52 week high of $68.79. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 0.95. The firm’s fifty day moving average is $45.32 and its 200 day moving average is $31.48. The stock has a market cap of $34.08 billion, a price-to-earnings ratio of 19.83 and a beta of 1.10.

Lenovo Group (OTCMKTS:LNVGY) last announced its earnings results on Thursday, May 21st. The technology company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.28. The business had revenue of $21.59 billion during the quarter, compared to the consensus estimate of $19.39 billion. Lenovo Group had a net margin of 2.30% and a return on equity of 27.74%. As a group, equities analysts forecast that Lenovo Group will post 3.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Lenovo Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy”.

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.