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

Lenovo Group Ltd. (OTCMKTS:LNVGY) saw a significant decline in short interest in 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. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 388,924 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

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

Lenovo Group Stock Down 0.0%

OTCMKTS:LNVGY traded down $0.03 during trading hours on Friday, hitting $60.47. 64,344 shares of the company traded hands, compared to its average volume of 154,979. The company has a quick ratio of 0.71, a current ratio of 0.95 and a debt-to-equity ratio of 0.46. The company has a market cap of $37.51 billion, a PE ratio of 21.83, a PEG ratio of 1.65 and a beta of 1.10. The firm’s 50-day simple moving average is $45.32 and its 200-day simple moving average is $31.44. Lenovo Group has a one year low of $21.00 and a one year high of $68.79.

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