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

Lenovo Group Limited (OTCMKTS:LNVGY) was the target of a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 41,900 shares, a decrease of 27.9% from the January 31st total of 58,100 shares. Based on an average daily volume of 130,900 shares, the days-to-cover ratio is presently 0.3 days.

Lenovo Group Stock Up 6.2 %

LNVGY traded up $1.84 during trading hours on Wednesday, reaching $31.33. 26,410 shares of the stock traded hands, compared to its average volume of 124,311. Lenovo Group has a fifty-two week low of $20.56 and a fifty-two week high of $35.09. The company has a market cap of $19.43 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 0.67 and a beta of 0.75. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.86 and a quick ratio of 0.58. The firm’s fifty day simple moving average is $27.38 and its two-hundred day simple moving average is $26.03.

Lenovo Group (OTCMKTS:LNVGY) last released its quarterly earnings results on Wednesday, February 19th. The technology company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.60 by $0.47. Lenovo Group had a return on equity of 25.37% and a net margin of 2.34%. The business had revenue of $18.80 billion for the quarter, compared to analysts’ expectations of $17.85 billion. As a group, analysts forecast that Lenovo Group will post 2.06 earnings per share 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.