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

Key Points

• Short interest in Lenovo Group Ltd. rose by 255.6% in July, increasing from 1,800 shares to 6,400 shares, indicating heightened investor sentiment against the stock.
• The company's stock has faced a 1.8% decline and trades at approximately $25.56, with a market cap of $15.85 billion.
• Lenovo recently announced a significant dividend increase with a yield of 366.0%, boosting its payout from $0.20 to $0.7593 per share, to be paid on August 20th.

Lenovo Group Ltd. (OTCMKTS:LNVGY - Get Free Report) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 6,400 shares, anincreaseof255.6% from the June 30th total of 1,800 shares. Based on an average trading volume of 63,900 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 63,900 shares, the short-interest ratio is presently 0.1 days.

Lenovo Group Stock Performance

Shares of OTCMKTS:LNVGY traded up $0.21 during trading on Thursday, hitting $28.34. 9,421 shares of the company traded hands, compared to its average volume of 94,867. The company has a quick ratio of 0.67, a current ratio of 0.93 and a debt-to-equity ratio of 0.65. The business's fifty day moving average is $24.67 and its 200-day moving average is $25.81. The stock has a market capitalization of $17.58 billion, a price-to-earnings ratio of 13.18, a PEG ratio of 0.68 and a beta of 0.75. Lenovo Group has a one year low of $17.84 and a one year high of $35.09.

Lenovo Group (OTCMKTS:LNVGY - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The technology company reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.04. Lenovo Group had a return on equity of 25.20% and a net margin of 2.00%. The business had revenue of $16.98 billion during the quarter, compared to analyst estimates of $15.77 billion. As a group, equities analysts predict that Lenovo Group will post 2.06 earnings per share for the current fiscal year.

Lenovo Group Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, August 20th. Shareholders of record on Friday, August 1st will be paid a $0.7593 dividend. The ex-dividend date is Thursday, July 31st. This is an increase from Lenovo Group's previous dividend of $0.20. This represents a dividend yield of 366.0%. Lenovo Group's dividend payout ratio (DPR) is 70.70%.

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.