Lenovo Group Ltd. (OTCMKTS:LNVGY) Short Interest Up 178.3% in January

Lenovo Group Ltd. (OTCMKTS:LNVGY) was the recipient of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 100,506 shares, an increase of 178.3% from the January 15th total of 36,110 shares. Based on an average daily volume of 185,635 shares, the short-interest ratio is currently 0.5 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 185,635 shares, the short-interest ratio is currently 0.5 days.

Lenovo Group Stock Up 3.1%

LNVGY traded up $0.72 on Friday, reaching $23.68. The company’s stock had a trading volume of 43,861 shares, compared to its average volume of 159,937. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.96 and a quick ratio of 0.71. The business’s 50 day moving average is $23.69 and its 200 day moving average is $26.77. Lenovo Group has a 1 year low of $17.84 and a 1 year high of $35.09. The stock has a market cap of $14.69 billion, a price-to-earnings ratio of 9.70, a price-to-earnings-growth ratio of 0.57 and a beta of 0.66.

Lenovo Group (OTCMKTS:LNVGY) last issued its quarterly earnings results on Wednesday, February 11th. The technology company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.22. Lenovo Group had a return on equity of 28.15% and a net margin of 2.17%.The business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $20.65 billion. As a group, research analysts forecast that Lenovo Group will post 2.06 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LNVGY. JPMorgan Chase & Co. downgraded Lenovo Group from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 20th. Zacks Research upgraded Lenovo Group from a “strong sell” rating to a “hold” rating in a report on Tuesday. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Lenovo Group presently has a consensus rating of “Hold”.

About Lenovo Group

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.