Short Interest in Lenovo Group Limited (OTCMKTS:LNVGY) Decreases By 85.8%

Lenovo Group Limited (OTCMKTS:LNVGY) saw a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 3,100 shares, a decrease of 85.8% from the February 28th total of 21,800 shares. Based on an average daily trading volume, of 170,800 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Lenovo Group Price Performance

OTCMKTS LNVGY traded down $1.96 on Friday, reaching $27.51. The company had a trading volume of 43,461 shares, compared to its average volume of 106,259. The firm’s 50 day moving average price is $29.32 and its 200 day moving average price is $26.77. The company has a quick ratio of 0.58, a current ratio of 0.86 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $17.06 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of 0.67 and a beta of 0.71. Lenovo Group has a 12 month low of $20.56 and a 12 month high of $35.09.

Lenovo Group (OTCMKTS:LNVGY) last posted its quarterly earnings data on Wednesday, February 19th. The technology company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.60 by $0.47. Lenovo Group had a net margin of 2.34% and a return on equity of 25.37%. The company had revenue of $18.80 billion during the quarter, compared to analyst estimates of $17.85 billion. As a group, equities analysts predict that Lenovo Group will post 2.06 earnings per share for the current year.

About Lenovo Group

Lenovo Group Limited, an investment holding company, develops, manufactures, and markets technology products and services. It operates through Intelligent Devices Group, Infrastructure Solutions Group, and Solutions and Services Group segments. The company offers commercial and consumer personal computers, as well as servers and workstations; and a family of mobile Internet devices, including tablets and smartphones.