Short Interest in Lenovo Group Limited (OTCMKTS:LNVGY) Declines By 39.1%

Lenovo Group Limited (OTCMKTS:LNVGY) was the recipient of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 34,300 shares, a decrease of 39.1% from the October 15th total of 56,300 shares. Based on an average daily volume of 117,900 shares, the days-to-cover ratio is presently 0.3 days.

Lenovo Group Price Performance

Shares of LNVGY stock opened at $23.89 on Friday. The company has a market capitalization of $14.81 billion, a P/E ratio of 12.84, a P/E/G ratio of 0.58 and a beta of 0.81. Lenovo Group has a 12 month low of $19.79 and a 12 month high of $31.82. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 0.43. The stock has a 50 day moving average of $26.44 and a two-hundred day moving average of $26.53.

Lenovo Group (OTCMKTS:LNVGY) last issued its quarterly earnings results on Thursday, August 15th. The technology company reported $0.38 EPS for the quarter. Lenovo Group had a return on equity of 18.08% and a net margin of 1.81%. The firm had revenue of $15.45 billion during the quarter. As a group, equities analysts expect that Lenovo Group will post 1.93 EPS for the current year.

About Lenovo Group

Lenovo Group Limited, an investment holding company, develops, manufactures, and markets technology products and services. It operates through Intelligent Devices Group, Infrastructure Solutions Group, and Solutions and Services Group segments. The company offers commercial and consumer personal computers, as well as servers and workstations; and a family of mobile Internet devices, including tablets and smartphones.