Lenovo Group Ltd. (OTCMKTS:LNVGY) Short Interest Update
by Scott Moore · The Cerbat GemLenovo Group Ltd. (OTCMKTS:LNVGY – Get Free Report) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totaling 40,245 shares, a growth of 2,238.5% from the December 15th total of 1,721 shares. Based on an average daily trading volume, of 275,676 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 275,676 shares, the days-to-cover ratio is currently 0.1 days.
Wall Street Analyst Weigh In
Separately, JPMorgan Chase & Co. downgraded Lenovo Group from an “overweight” rating to a “neutral” rating in a research note on Thursday, November 20th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Lenovo Group currently has an average rating of “Hold”.
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Lenovo Group Stock Performance
LNVGY traded up $0.33 on Monday, reaching $23.34. The company had a trading volume of 866,055 shares, compared to its average volume of 283,839. Lenovo Group has a fifty-two week low of $17.84 and a fifty-two week high of $35.09. The company’s fifty day moving average is $25.33 and its 200 day moving average is $27.13. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.71 and a current ratio of 0.96. The stock has a market cap of $14.48 billion, a P/E ratio of 9.57, a P/E/G ratio of 0.54 and a beta of 0.61.
Lenovo Group (OTCMKTS:LNVGY – Get Free Report) last announced its earnings results on Wednesday, November 19th. The technology company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.15. The company had revenue of $20.45 billion for the quarter, compared to analyst estimates of $20.09 billion. Lenovo Group had a return on equity of 28.15% and a net margin of 2.17%. As a group, analysts predict that Lenovo Group will post 2.06 earnings per share for the current fiscal year.
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.