Short Interest in Lenovo Group Limited (OTCMKTS:LNVGY) Decreases By 85.8%

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

Lenovo Group Stock Performance

Shares of OTCMKTS:LNVGY traded down $1.96 on Friday, reaching $27.51. 43,461 shares of the company's stock were exchanged, compared to its average volume of 106,259. Lenovo Group has a fifty-two week low of $20.56 and a fifty-two week high of $35.09. The business's 50-day moving average is $29.32 and its two-hundred day moving average is $26.77. The company has a quick ratio of 0.58, a current ratio of 0.86 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $17.06 billion, a price-to-earnings ratio of 11.46, a PEG ratio of 0.67 and a beta of 0.71.

Lenovo Group (OTCMKTS:LNVGY - Get Free Report) last issued its earnings results 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. The firm had revenue of $18.80 billion for the quarter, compared to analysts' expectations of $17.85 billion. Lenovo Group had a net margin of 2.34% and a return on equity of 25.37%. As a group, equities research analysts forecast that Lenovo Group will post 2.06 EPS for the current year.

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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.