Lenovo Group Limited (OTCMKTS:LNVGY) Short Interest Up 150.8% in March

Lenovo Group Limited (OTCMKTS:LNVGY – Get Rating) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 15,800 shares, a growth of 150.8% from the March 15th total of 6,300 shares. Based on an average trading volume of 106,100 shares, the short-interest ratio is currently 0.1 days.

Separately, Zacks Investment Research upgraded shares of Lenovo Group from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Thursday, February 24th.

Shares of OTCMKTS:LNVGY opened at $19.64 on Friday. The stock has a market capitalization of $11.82 billion, a price-to-earnings ratio of 6.84, a PEG ratio of 0.31 and a beta of 0.97. Lenovo Group has a 1-year low of $17.76 and a 1-year high of $35.94. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.65 and a current ratio of 0.90. The company has a 50 day moving average price of $21.31 and a 200 day moving average price of $21.87.

Lenovo Group (OTCMKTS:LNVGY – Get Rating) last issued its earnings results on Wednesday, February 23rd. The technology company reported $0.98 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.98. The firm had revenue of $20.13 billion during the quarter, compared to analysts’ expectations of $18.74 billion. Lenovo Group had a net margin of 2.66% and a return on equity of 44.98%. On average, sell-side analysts expect that Lenovo Group will post 3.55 EPS for the current fiscal year.

About Lenovo Group (Get Rating)

Lenovo Group Limited, an investment holding company, develops, manufactures, and markets technology products and services. It operates through Intelligent Devices Group and Data Center 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.

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