Lenovo Group Ltd. (OTCMKTS:LNVGY) Sees Large Increase in Short Interest

Key Points

• Lenovo Group Ltd. experienced a significant increase in short interest, rising by 690.6% to a total of 50,600 shares as of July 31st, compared to just 6,400 shares on July 15th.
• The company reported a dividend of $0.7593 per share, which represents a yield of 366.0% and marks an increase from the previous dividend of $0.20.
• In its latest earnings report, Lenovo Group reported an EPS of $0.44, exceeding estimates, and generated $16.98 billion in revenue, surpassing analyst expectations.

Lenovo Group Ltd. (OTCMKTS:LNVGY - Get Free Report) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 50,600 shares, agrowthof690.6% from the July 15th total of 6,400 shares. Approximately0.0% of the shares of the company are sold short. Based on an average daily volume of 169,300 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 169,300 shares, the short-interest ratio is presently 0.3 days. Approximately0.0% of the shares of the company are sold short.

Lenovo Group Price Performance

OTCMKTS:LNVGY traded down $0.6130 during mid-day trading on Tuesday, reaching $27.98. 26,822 shares of the stock were exchanged, compared to its average volume of 62,750. The business has a fifty day moving average price of $25.57 and a 200 day moving average price of $26.08. The firm has a market capitalization of $17.35 billion, a PE ratio of 11.19, a PEG ratio of 0.60 and a beta of 0.75. Lenovo Group has a 1-year low of $17.84 and a 1-year high of $35.09. The company has a current ratio of 0.93, a quick ratio of 0.67 and a debt-to-equity ratio of 0.65.

Lenovo Group (OTCMKTS:LNVGY - Get Free Report) last released its earnings results on Thursday, May 22nd. The technology company reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.04. The firm had revenue of $16.98 billion for the quarter, compared to analyst estimates of $15.77 billion. Lenovo Group had a return on equity of 29.13% and a net margin of 2.27%. Research analysts expect that Lenovo Group will post 2.06 earnings per share for the current fiscal year.

Lenovo Group Increases Dividend

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