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

Lenovo Group Limited (OTCMKTS:LNVGYGet Rating) saw a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 9,300 shares, a drop of 41.1% from the March 31st total of 15,800 shares. Based on an average trading volume of 158,300 shares, the days-to-cover ratio is currently 0.1 days.

Separately, Zacks Investment Research cut Lenovo Group from a “buy” rating to a “sell” rating in a research report on Wednesday.

OTCMKTS LNVGY opened at $19.42 on Friday. The company has a market capitalization of $11.69 billion, a PE ratio of 6.40, a price-to-earnings-growth ratio of 0.30 and a beta of 0.97. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.65 and a current ratio of 0.90. Lenovo Group has a 52-week low of $17.76 and a 52-week high of $35.94. The company has a 50-day simple moving average of $20.68 and a 200 day simple moving average of $21.39.

Lenovo Group (OTCMKTS:LNVGYGet Rating) last issued its quarterly earnings results on Wednesday, February 23rd. The technology company reported $0.98 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.98. Lenovo Group had a net margin of 2.66% and a return on equity of 44.98%. The company had revenue of $20.13 billion during the quarter, compared to analyst estimates of $18.74 billion. As a group, analysts forecast that Lenovo Group will post 3.55 EPS for the current fiscal year.

Lenovo Group Company Profile (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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