Lenovo Group Ltd. (OTCMKTS:LNVGY – Get Free Report) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 718,862 shares, an increase of 1,678.6% from the July 30th total of 40,418 shares. Based on an average trading volume of 399,939 shares, the days-to-cover ratio is currently 1.8 days. Currently, 0.1% of the company’s stock are short sold.
Lenovo Group Price Performance
Shares of OTCMKTS:LNVGY opened at $78.33 on Thursday. The firm has a market cap of $48.58 billion, a price-to-earnings ratio of 76.05 and a beta of 1.14. Lenovo Group has a 1 year low of $21.00 and a 1 year high of $89.99. 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 business has a fifty day simple moving average of $64.78 and a 200 day simple moving average of $44.21.
Wall Street Analyst Weigh In
Separately, Zacks Research lowered shares of Lenovo Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 20th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.
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.
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