Short Interest in Lenovo Group Ltd. (OTCMKTS:LNVGY) Decreases By 16.3%

Lenovo Group Ltd. (OTCMKTS:LNVGY) was the target of a large decline in short interest in April. As of April 15th, there was short interest totaling 62,775 shares, a decline of 16.3% from the March 31st total of 75,028 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 98,292 shares, the short-interest ratio is presently 0.6 days.

Lenovo Group Stock Performance

OTCMKTS LNVGY opened at $30.37 on Friday. The firm has a market capitalization of $18.84 billion, a P/E ratio of 14.13, a P/E/G ratio of 1.31 and a beta of 0.78. Lenovo Group has a 1-year low of $21.00 and a 1-year high of $32.69. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.96 and a quick ratio of 0.71. The business’s 50-day simple moving average is $25.56 and its 200-day simple moving average is $25.43.

Lenovo Group (OTCMKTS:LNVGY) last released its quarterly earnings data on Wednesday, February 11th. The technology company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.22. The business had revenue of $22.20 billion for the quarter, compared to analyst estimates of $20.65 billion. Lenovo Group had a return on equity of 25.60% and a net margin of 1.89%. Equities analysts predict that Lenovo Group will post 2.25 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.