Lenovo Group Limited (OTCMKTS:LNVGF) Sees Large Increase in Short Interest

Lenovo Group Limited (OTCMKTS:LNVGF) saw a large growth in short interest in February. As of February 28th, there was short interest totalling 16,410,000 shares, a growth of 133.3% from the February 13th total of 7,033,300 shares. Based on an average daily volume of 327,200 shares, the short-interest ratio is presently 50.2 days.

Lenovo Group Stock Performance

Shares of OTCMKTS:LNVGF opened at $1.49 on Friday. Lenovo Group has a 52 week low of $0.83 and a 52 week high of $1.79. The company’s fifty day moving average is $1.39 and its 200-day moving average is $1.30.

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.