Lenovo Group Ltd. (OTCMKTS:LNVGY) Short Interest Update

Lenovo Group Ltd. (OTCMKTS:LNVGY) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 1,721 shares, a decline of 79.4% from the November 30th total of 8,345 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 201,940 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 201,940 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Lenovo Group Stock Performance

LNVGY traded up $0.03 during trading on Thursday, hitting $24.01. 24,617 shares of the stock were exchanged, compared to its average volume of 116,214. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.59. Lenovo Group has a 1-year low of $17.84 and a 1-year high of $35.09. The stock has a fifty day moving average price of $26.71 and a two-hundred day moving average price of $27.07. The firm has a market capitalization of $14.89 billion, a P/E ratio of 9.84, a PEG ratio of 0.56 and a beta of 0.66.

Lenovo Group (OTCMKTS:LNVGY) last posted its quarterly earnings data on Wednesday, November 19th. The technology company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.15. The business had revenue of $20.45 billion during the quarter, compared to the consensus estimate of $20.09 billion. Lenovo Group had a return on equity of 28.15% and a net margin of 2.17%. As a group, sell-side analysts predict that Lenovo Group will post 2.06 earnings per share for the current year.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. downgraded Lenovo Group from an “overweight” rating to a “neutral” rating in a report on Thursday, November 20th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Lenovo Group Company Profile

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.