Lenovo Group Limited (OTCMKTS:LNVGY) Short Interest Update

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

Lenovo Group Stock Performance

OTCMKTS LNVGY traded up $1.84 on Wednesday, hitting $31.33. The stock had a trading volume of 26,410 shares, compared to its average volume of 124,311. The company’s 50-day moving average is $27.38 and its two-hundred day moving average is $26.03. Lenovo Group has a one year low of $20.56 and a one year high of $35.09. The stock has a market cap of $19.43 billion, a price-to-earnings ratio of 13.05, a P/E/G ratio of 0.67 and a beta of 0.75. The company has a quick ratio of 0.58, a current ratio of 0.86 and a debt-to-equity ratio of 0.43.

Lenovo Group (OTCMKTS:LNVGY) last issued its quarterly earnings data on Wednesday, February 19th. The technology company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $17.85 billion. On average, analysts expect that Lenovo Group will post 2.06 earnings per share for the current 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.