Lenovo Group Ltd. (OTCMKTS:LNVGY) Stock Short Interest Report for September

Lenovo Group Ltd. (OTCMKTS:LNVGY) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 19,001 shares, a drop of 68.5% from the September 15th total of 60,271 shares. Based on an average daily trading volume, of 208,204 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Lenovo Group from a “hold” rating to a “strong-buy” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Lenovo Group Price Performance

LNVGY stock traded down $5.28 during midday trading on Wednesday, hitting $74.20. The company’s stock had a trading volume of 71,605 shares, compared to its average volume of 144,679. The company has a quick ratio of 0.67, a current ratio of 0.98 and a debt-to-equity ratio of 0.66. Lenovo Group has a 12 month low of $21.00 and a 12 month high of $98.50. The company has a 50 day moving average of $82.59 and a two-hundred day moving average of $58.92. The firm has a market capitalization of $46.06 billion, a price-to-earnings ratio of 72.04 and a beta of 1.27.

About Lenovo Group

Lenovo Group Limited is a global technology company that develops, manufactures and sells a broad range of information technology products and services. Its portfolio includes personal computers, laptops, workstations, tablets, smartphones, servers, storage systems, accessories and other smart devices. The company also provides information technology infrastructure, managed services, support and solutions for businesses, governments and other organizations.

Lenovo was founded in Beijing in 1984 and was originally known as Legend.