Lenovo Group Ltd. (OTCMKTS:LNVGY) Short Interest Down 20.1% in March

Lenovo Group Ltd. (OTCMKTS:LNVGY) was the recipient of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 111,138 shares, a decrease of 20.1% from the February 26th total of 139,032 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 213,729 shares, the short-interest ratio is currently 0.5 days.

Lenovo Group Stock Performance

Shares of LNVGY opened at $23.71 on Monday. Lenovo Group has a 52-week low of $17.84 and a 52-week high of $32.69. The business’s fifty day moving average is $23.64 and its 200-day moving average is $25.89. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.71 and a current ratio of 0.96. The firm has a market cap of $14.71 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 1.03 and a beta of 0.63.

Lenovo Group (OTCMKTS:LNVGY) last announced its quarterly earnings data on Wednesday, February 11th. The technology company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.22. The business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $20.65 billion. Lenovo Group had a return on equity of 25.60% and a net margin of 1.89%. Equities analysts anticipate that Lenovo Group will post 2.06 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Lenovo Group Company Profile

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.