Lenovo Group Ltd. (OTCMKTS:LNVGY) Short Interest Up 2,238.5% in December

Lenovo Group Ltd. (OTCMKTS:LNVGY) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 40,245 shares, a growth of 2,238.5% from the December 15th total of 1,721 shares. Based on an average trading volume of 275,676 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 275,676 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. cut shares of Lenovo Group from an “overweight” rating to a “neutral” rating in a research note on Thursday, November 20th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Lenovo Group Stock Performance

OTCMKTS:LNVGY opened at $22.98 on Wednesday. The company has a market cap of $14.25 billion, a P/E ratio of 9.42, a P/E/G ratio of 0.55 and a beta of 0.61. Lenovo Group has a twelve month low of $17.84 and a twelve month high of $35.09. The company’s 50-day moving average price is $25.09 and its 200-day moving average price is $27.12. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.59.

Lenovo Group (OTCMKTS:LNVGY) last released its earnings results on Wednesday, November 19th. The technology company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.15. The business had revenue of $20.45 billion for the quarter, compared to analyst estimates of $20.09 billion. Lenovo Group had a net margin of 2.17% and a return on equity of 28.15%. On average, sell-side analysts forecast that Lenovo Group will post 2.06 earnings per share for the current fiscal 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.