Short Interest in Lenovo Group Ltd. (OTCMKTS:LNVGY) Expands By 71.4%

Key Points

• Short interest in Lenovo Group Ltd. increased by 71.4% in August, rising from 24,800 shares to 42,500 shares, with a current days-to-cover ratio of 0.6 days.
• Lenovo Group's stock price fell 1.4% to $29.85, with a market capitalization of $18.51 billion and a P/E ratio of 11.94.
• The company recently boosted its dividend to $0.7593 per share, resulting in a dividend yield of 366.0%, up from the previous $0.20 dividend.

Lenovo Group Ltd. (OTCMKTS:LNVGY - Get Free Report) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 42,500 shares, a growth of 71.4% from the August 15th total of 24,800 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 69,000 shares, the short-interest ratio is currently 0.6 days. Based on an average trading volume of 69,000 shares, the short-interest ratio is currently 0.6 days. Approximately 0.0% of the shares of the company are sold short.

Lenovo Group Stock Performance

Lenovo Group stock traded up $0.11 during mid-day trading on Friday, reaching $30.84. 24,678 shares of the company were exchanged, compared to its average volume of 66,974. The firm's 50-day simple moving average is $27.87 and its two-hundred day simple moving average is $25.79. Lenovo Group has a twelve month low of $17.84 and a twelve month high of $35.09. The firm has a market cap of $19.13 billion, a PE ratio of 12.34, a price-to-earnings-growth ratio of 0.66 and a beta of 0.73. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.67 and a current ratio of 0.95.

Lenovo Group Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, August 20th. Stockholders of record on Friday, August 1st were issued a $0.7593 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a dividend yield of 366.0%. This is an increase from Lenovo Group's previous dividend of $0.20. Lenovo Group's payout ratio is 60.40%.

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.