Lenovo Group Ltd. (OTCMKTS:LNVGY – Get Free Report) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 84,198 shares, a decline of 88.3% from the August 15th total of 718,862 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 816,154 shares, the short-interest ratio is presently 0.1 days.
Lenovo Group Price Performance
LNVGY traded up $2.27 on Friday, hitting $83.04. 223,446 shares of the stock were exchanged, compared to its average volume of 321,973. The firm has a market capitalization of $51.50 billion, a price-to-earnings ratio of 80.62 and a beta of 1.15. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.95 and a quick ratio of 0.66. Lenovo Group has a 12 month low of $21.00 and a 12 month high of $89.99. The business has a 50-day moving average of $69.89 and a two-hundred day moving average of $48.77.
Analyst Upgrades and Downgrades
Separately, Zacks Research lowered Lenovo Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 20th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.
About Lenovo Group
Lenovo Group Limited is a global technology company that develops, manufactures and sells personal computers, tablets, smartphones and other smart devices. Its portfolio includes the ThinkPad, ThinkBook, Yoga, Legion and IdeaPad computer brands, along with accessories, software and related device-management solutions.
The company also provides data-center and infrastructure products, including servers, storage systems, networking equipment and high-performance computing solutions. Through its services and solutions businesses, Lenovo supports organizations with IT consulting, managed services, digital workplace services, infrastructure services and other technology solutions.
Lenovo was founded in Beijing in 1984 as Legend and adopted the Lenovo name in 2004.
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