Lenovo Group Ltd. (OTCMKTS:LNVGY) Short Interest Up 104.1% in June

Lenovo Group Ltd. (OTCMKTS:LNVGY) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 47,887 shares, a growth of 104.1% from the June 15th total of 23,463 shares. Based on an average daily volume of 169,806 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Lenovo Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Lenovo Group has a consensus rating of “Buy”.

Lenovo Group Stock Down 0.6%

Shares of OTCMKTS:LNVGY traded down $0.39 on Wednesday, reaching $59.81. The company had a trading volume of 91,266 shares, compared to its average volume of 122,465. Lenovo Group has a 52-week low of $21.00 and a 52-week high of $68.79. The firm’s 50 day simple moving average is $52.14 and its 200-day simple moving average is $34.32. The company has a current ratio of 0.95, a quick ratio of 0.66 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $37.10 billion, a PE ratio of 21.59 and a beta of 1.12.

Lenovo Group (OTCMKTS:LNVGY) last posted its quarterly earnings results on Thursday, May 21st. The technology company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.28. Lenovo Group had a net margin of 2.30% and a return on equity of 27.74%. The business had revenue of $21.59 billion during the quarter, compared to analysts’ expectations of $19.39 billion. As a group, analysts expect that Lenovo Group will post 3.59 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.