Lenovo Group Limited (OTCMKTS:LNVGY) Short Interest Down 85.8% in March

Lenovo Group Limited (OTCMKTS:LNVGY) was the target of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 3,100 shares, a drop of 85.8% from the February 28th total of 21,800 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 170,800 shares, the days-to-cover ratio is presently 0.0 days.

Lenovo Group Price Performance

OTCMKTS LNVGY traded up $0.15 on Wednesday, hitting $29.38. 23,967 shares of the company’s stock were exchanged, compared to its average volume of 108,782. Lenovo Group has a 52 week low of $20.56 and a 52 week high of $35.09. The stock has a 50-day moving average of $29.14 and a 200-day moving average of $26.73. The company has a current ratio of 0.86, a quick ratio of 0.58 and a debt-to-equity ratio of 0.43. The stock has a market cap of $18.22 billion, a price-to-earnings ratio of 12.24, a P/E/G ratio of 0.67 and a beta of 0.71.

Lenovo Group (OTCMKTS:LNVGY) last released its quarterly earnings data on Wednesday, February 19th. The technology company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.47. The business had revenue of $18.80 billion for the quarter, compared to analyst estimates of $17.85 billion. Lenovo Group had a return on equity of 25.37% and a net margin of 2.34%. Analysts expect that Lenovo Group will post 2.06 earnings per share for the current year.

Lenovo Group Company Profile

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.