Lenovo Group Limited (OTCMKTS:LNVGY) Short Interest Down 39.1% in October

Lenovo Group Limited (OTCMKTS:LNVGY) was the recipient of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 34,300 shares, a drop of 39.1% from the October 15th total of 56,300 shares. Based on an average daily volume of 117,900 shares, the days-to-cover ratio is currently 0.3 days.

Lenovo Group Stock Performance

Shares of OTCMKTS LNVGY traded down $0.15 during mid-day trading on Friday, hitting $23.89. 67,570 shares of the company were exchanged, compared to its average volume of 61,473. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 0.43. The stock has a 50 day simple moving average of $26.44 and a 200-day simple moving average of $26.53. Lenovo Group has a 1-year low of $19.79 and a 1-year high of $31.82. The firm has a market cap of $14.81 billion, a price-to-earnings ratio of 12.84, a price-to-earnings-growth ratio of 0.58 and a beta of 0.81.

Lenovo Group (OTCMKTS:LNVGY) last released its earnings results on Thursday, August 15th. The technology company reported $0.38 EPS for the quarter. Lenovo Group had a return on equity of 18.08% and a net margin of 1.81%. The company had revenue of $15.45 billion during the quarter. On average, sell-side analysts forecast that Lenovo Group will post 1.93 EPS 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.