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

Lenovo Group Limited (OTCMKTS:LNVGY - Get Free Report) was the target of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 900 shares, a drop of 71.0% from the March 15th total of 3,100 shares. Currently, 0.0% of the company's stock are sold short. Based on an average trading volume of 65,100 shares, the days-to-cover ratio is presently 0.0 days.

Lenovo Group Stock Up 1.2 %

LNVGY stock traded up $0.25 during trading on Friday, reaching $20.43. 252,790 shares of the company traded hands, compared to its average volume of 128,449. The business has a 50 day simple moving average of $27.90 and a 200 day simple moving average of $26.41. Lenovo Group has a 12 month low of $17.84 and a 12 month high of $35.09. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.58 and a current ratio of 0.86. The company has a market capitalization of $12.67 billion, a price-to-earnings ratio of 8.51, a price-to-earnings-growth ratio of 0.67 and a beta of 0.67.

Lenovo Group (OTCMKTS:LNVGY - Get Free Report) 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 net margin of 2.34% and a return on equity of 25.37%. The firm had revenue of $18.80 billion for the quarter, compared to the consensus estimate of $17.85 billion. On average, equities research analysts anticipate that Lenovo Group will post 2.06 earnings per share for the current fiscal 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.