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

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

Analysts Set New Price Targets

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

Lenovo Group Stock Down 0.0%

Shares of OTCMKTS LNVGY opened at $60.47 on Friday. The stock has a market capitalization of $37.51 billion, a price-to-earnings ratio of 21.83, a P/E/G ratio of 1.65 and a beta of 1.10. Lenovo Group has a 12-month low of $21.00 and a 12-month high of $68.79. The firm’s 50-day moving average price is $45.32 and its 200-day moving average price is $31.44. The company has a current ratio of 0.95, a quick ratio of 0.71 and a debt-to-equity ratio of 0.46.

Lenovo Group (OTCMKTS:LNVGY) last posted its quarterly earnings data on Thursday, May 21st. The technology company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.28. The company had revenue of $21.59 billion during the quarter, compared to analysts’ expectations of $19.39 billion. Lenovo Group had a return on equity of 27.74% and a net margin of 2.30%. On average, equities research analysts anticipate that Lenovo Group will post 3.59 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.