Lenovo Group Limited (OTCMKTS:LNVGY) Sees Large Decline in Short Interest

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

Lenovo Group Trading Up 0.5 %

LNVGY stock traded up $0.15 during midday trading on Thursday, hitting $29.38. The stock had a trading volume of 23,967 shares, compared to its average volume of 108,782. The company’s 50-day moving average price is $29.14 and its 200 day moving average price is $26.73. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.86 and a quick ratio of 0.58. Lenovo Group has a 12-month low of $20.56 and a 12-month high of $35.09. The firm has a market cap of $18.22 billion, a PE ratio of 12.24, a price-to-earnings-growth ratio of 0.67 and a beta of 0.71.

Lenovo Group (OTCMKTS:LNVGY) last issued its earnings results on Wednesday, February 19th. The technology company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.47. Lenovo Group had a return on equity of 25.37% and a net margin of 2.34%. The company had revenue of $18.80 billion during the quarter, compared to the consensus estimate of $17.85 billion. On average, equities research analysts predict that Lenovo Group will post 2.06 earnings per share for the current fiscal 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.