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

Lenovo Group Limited (OTCMKTS:LNVGY) saw a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 21,800 shares, a decline of 48.0% from the February 13th total of 41,900 shares. Based on an average trading volume of 657,600 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Lenovo Group Trading Up 2.2 %

Shares of OTCMKTS LNVGY traded up $0.66 during trading on Friday, hitting $30.20. 32,190 shares of the company traded hands, compared to its average volume of 121,307. Lenovo Group has a 1 year low of $20.56 and a 1 year high of $35.09. The company has a 50-day moving average price of $28.26 and a 200-day moving average price of $26.39. The firm has a market capitalization of $18.73 billion, a P/E ratio of 12.58, a P/E/G ratio of 0.67 and a beta of 0.71. 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 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 analyst estimates of $17.85 billion. On average, equities analysts predict that Lenovo Group will post 2.06 EPS 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.