Lenovo Group Ltd. (OTCMKTS:LNVGY) Sees Large Increase in Short Interest

Lenovo Group Ltd. (OTCMKTS:LNVGY) was the recipient of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 100,506 shares, a growth of 178.3% from the January 15th total of 36,110 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 185,635 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 185,635 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the shares of the stock are sold short.

Lenovo Group Trading Up 2.8%

Shares of LNVGY stock traded up $0.64 during trading on Friday, hitting $23.60. 58,523 shares of the stock traded hands, compared to its average volume of 94,555. The firm has a market capitalization of $14.24 billion, a P/E ratio of 10.98, a price-to-earnings-growth ratio of 0.54 and a beta of 0.66. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.96 and a quick ratio of 0.71. The firm’s fifty day moving average price is $23.65 and its 200-day moving average price is $26.75. Lenovo Group has a 52-week low of $17.84 and a 52-week high of $35.09.

Lenovo Group (OTCMKTS:LNVGY) last posted its earnings results on Wednesday, February 11th. The technology company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.22. The company had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $20.65 billion. Lenovo Group had a return on equity of 26.18% and a net margin of 1.89%. As a group, research analysts forecast that Lenovo Group will post 2.06 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LNVGY. JPMorgan Chase & Co. lowered shares of Lenovo Group from an “overweight” rating to a “neutral” rating in a research note on Thursday, November 20th. Zacks Research upgraded Lenovo Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

About Lenovo Group

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.