Lenovo Group Ltd. (OTCMKTS:LNVGY) Short Interest Update

Key Points

• Short interest decreased 16.3% — short interest fell to 62,775 shares as of April 15 (from 75,028 on March 31), with a days-to-cover of 0.6 and approximately 0.0% of shares sold short.
• Earnings beat and analyst action: Lenovo reported Q EPS of $0.84 vs $0.62 expected and revenue of $22.20B vs $20.65B, and Zacks upgraded the stock to a "Hold"; the shares trade at a P/E of 14.04 with a market cap of $18.72B (52-week range $21.00–$32.69).

Lenovo Group Ltd. (OTCMKTS:LNVGY - Get Free Report) was the target of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totaling 62,775 shares, a decrease of 16.3% from the March 31st total of 75,028 shares. Based on an average trading volume of 98,292 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Lenovo Group from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 10th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Hold".

Lenovo Group Stock Performance

OTCMKTS LNVGY opened at $30.19 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.71 and a current ratio of 0.96. The stock's fifty day moving average is $25.56 and its two-hundred day moving average is $25.43. The firm has a market capitalization of $18.72 billion, a P/E ratio of 14.04, a price-to-earnings-growth ratio of 1.30 and a beta of 0.60. Lenovo Group has a fifty-two week low of $21.00 and a fifty-two week high of $32.69.

Lenovo Group (OTCMKTS:LNVGY - Get Free Report) last issued its earnings results on Wednesday, February 11th. The technology company reported $0.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.22. Lenovo Group had a return on equity of 25.60% and a net margin of 1.89%.The business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $20.65 billion. On average, research analysts anticipate that Lenovo Group will post 2.25 earnings per share for the current year.

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.

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