Lenovo Group Ltd. (OTCMKTS:LNVGY) Sees Significant Decline in Short Interest

Lenovo Group Ltd. (OTCMKTS:LNVGY - Get Free Report) saw a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 69,523 shares, a decline of 30.8% from the January 29th total of 100,506 shares. Based on an average daily trading volume, of 191,841 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the company's shares are sold short. Currently, 0.0% of the company's shares are sold short. Based on an average daily trading volume, of 191,841 shares, the days-to-cover ratio is currently 0.4 days.Analyst Ratings ChangesAdvanced Micro Devices Eyes AI Market Growth—Is AMD a Buy?LNVGY has been the subject of a number of research reports. Zacks Research raised shares of Lenovo Group from a "strong sell" rating to a "hold" rating in a research report on Tuesday, February 10th. JPMorgan Chase & Co. downgraded Lenovo Group from an "overweight" rating to a "neutral" rating in a research report on Thursday, November 20th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of "Hold".Check Out Our Latest Report on Lenovo GroupLenovo Group Stock PerformanceA 50% upside for AMD? Here’s howOTCMKTS:LNVGY opened at $24.78 on Friday. The firm has a 50-day moving average of $23.54 and a two-hundred day moving average of $26.51. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.96 and a quick ratio of 0.71. The stock has a market cap of $15.37 billion, a P/E ratio of 11.53, a PEG ratio of 1.08 and a beta of 0.66. Lenovo Group has a 1-year low of $17.84 and a 1-year high of $32.93. Lenovo Group (OTCMKTS:LNVGY - Get Free Report) last released its quarterly earnings results on Wednesday, February 11th. The technology company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.62 by $0.22. The business had revenue of $22.20 billion for the quarter, compared to analysts' expectations of $20.65 billion. Lenovo Group had a return on equity of 26.18% and a net margin of 1.89%. On average, research analysts expect that Lenovo Group will post 2.06 earnings per share for the current fiscal year. About Lenovo Group (Get Free Report)2 Sizzling Mid-Caps That Could Stay Hot This SummerLenovo 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.Further ReadingFive stocks we like better than Lenovo GroupThe gold chart Wall Street is terrified of…This makes me furiousAmerica’s 1776 happening againBuy this Gold Stock Before May 2026“Fed Proof” Your Bank Account with THESE 4 Simple StepsThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Lenovo Group Right Now?Before you consider Lenovo Group, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lenovo Group wasn't on the list.While Lenovo Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here