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

Lenovo Group Ltd. (OTCMKTS:LNVGY) was the recipient of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 111,138 shares, a decrease of 20.1% from the February 26th total of 139,032 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 213,729 shares, the days-to-cover ratio is presently 0.5 days.

Lenovo Group Trading Down 1.0%

Shares of LNVGY stock opened at $23.47 on Tuesday. 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 company has a market capitalization of $14.56 billion, a price-to-earnings ratio of 10.92, a PEG ratio of 1.03 and a beta of 0.63. Lenovo Group has a 52-week low of $17.84 and a 52-week high of $32.69. The company has a 50-day simple moving average of $23.66 and a two-hundred day simple moving average of $25.84.

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

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Lenovo Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 10th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Lenovo Group currently has a consensus rating of “Hold”.

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.