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

Lenovo Group Limited (OTCMKTS:LNVGY) was the target of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 21,800 shares, a decline of 48.0% from the February 13th total of 41,900 shares. Based on an average daily trading volume, of 657,600 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Lenovo Group Trading Up 2.2 %

OTCMKTS:LNVGY traded up $0.66 during trading hours on Friday, hitting $30.20. The stock had a trading volume of 32,190 shares, compared to its average volume of 121,307. Lenovo Group has a one year low of $20.56 and a one year high of $35.09. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.58 and a current ratio of 0.86. The company has a market cap of $18.73 billion, a price-to-earnings ratio of 12.58, a P/E/G ratio of 0.67 and a beta of 0.71. The business’s 50 day moving average is $28.26 and its 200-day moving average is $26.39.

Lenovo Group (OTCMKTS:LNVGY) last issued its earnings results on Wednesday, February 19th. The technology company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.60 by $0.47. Lenovo Group had a net margin of 2.34% and a return on equity of 25.37%. The firm had revenue of $18.80 billion during the quarter, compared to the consensus estimate of $17.85 billion. Sell-side analysts anticipate that Lenovo Group will post 2.06 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.