Lenovo Group Ltd. (OTCMKTS:LNVGY) Sees Large Decline in Short Interest
by Doug Wharley · The Cerbat GemLenovo Group Ltd. (OTCMKTS:LNVGY – Get Free Report) was the target of a large decline in short interest in April. As of April 30th, there was short interest totaling 40,458 shares, a decline of 35.6% from the April 15th total of 62,775 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 102,378 shares, the days-to-cover ratio is presently 0.4 days.
Lenovo Group Stock Performance
Lenovo Group stock traded down $0.11 during trading hours on Tuesday, reaching $32.21. 182,787 shares of the company were exchanged, compared to its average volume of 116,998. The firm has a market cap of $19.98 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 1.37 and a beta of 0.78. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.56. The stock has a 50-day moving average of $27.19 and a 200 day moving average of $25.56. Lenovo Group has a 12 month low of $21.00 and a 12 month high of $35.60.
Analysts Set New Price Targets
Separately, Zacks Research raised Lenovo Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 10th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Lenovo Group has a consensus rating of “Hold”.
View Our Latest Analysis on Lenovo Group
About Lenovo Group
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.