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

Lenovo Group Limited (OTCMKTS:LNVGY) was the recipient of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 34,300 shares, a decrease of 39.1% from the October 15th total of 56,300 shares. Based on an average daily trading volume, of 117,900 shares, the short-interest ratio is presently 0.3 days.

Lenovo Group Stock Down 0.6 %

Shares of LNVGY stock traded down $0.15 during trading hours on Friday, reaching $23.89. 67,570 shares of the stock were exchanged, compared to its average volume of 61,473. The firm has a market capitalization of $14.81 billion, a P/E ratio of 12.84, a P/E/G ratio of 0.58 and a beta of 0.81. Lenovo Group has a 12-month low of $19.79 and a 12-month high of $31.82. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.85 and a quick ratio of 0.58. The business’s fifty day moving average is $26.44 and its two-hundred day moving average is $26.53.

Lenovo Group (OTCMKTS:LNVGY) last announced its quarterly earnings results on Thursday, August 15th. The technology company reported $0.38 EPS for the quarter. The company had revenue of $15.45 billion for the quarter. Lenovo Group had a net margin of 1.81% and a return on equity of 18.08%. As a group, research analysts expect that Lenovo Group will post 1.93 EPS 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.