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

Key Points

• Short Interest Decline: Lenovo Group Ltd. experienced a significant decline in short interest, dropping 93.5% from 40,100 shares to 2,600 shares as of September 30th.
• Dividend Increase: The company increased its dividend to $0.7593 per share, yielding 366.0%, which is a substantial rise from the previous $0.20 dividend.
• Current Stock Performance: Lenovo's shares traded at $29.56, reflecting a slight decrease of 0.5% during recent trading sessions.

Lenovo Group Ltd. (OTCMKTS:LNVGY - ) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 2,600 shares, a decline of 93.5% from the September 15th total of 40,100 shares. Based on an average trading volume of 83,800 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 83,800 shares, the short-interest ratio is presently 0.0 days.

Lenovo Group Trading Down 0.5%

Shares of OTCMKTS LNVGY traded down $0.16 during midday trading on Thursday, hitting $29.56. 88,383 shares of the company traded hands, compared to its average volume of 41,645. Lenovo Group has a 12-month low of $17.84 and a 12-month high of $35.09. The firm has a market cap of $18.33 billion, a P/E ratio of 11.82, a P/E/G ratio of 0.64 and a beta of 0.73. The stock has a 50-day moving average price of $29.30 and a 200 day moving average price of $25.81. 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 company also recently disclosed a dividend, which was paid on Wednesday, August 20th. Shareholders of record on Friday, August 1st were issued a $0.7593 dividend. This represents a yield of 366.0%. This is a positive change from Lenovo Group's previous dividend of $0.20. The ex-dividend date was Thursday, July 31st. Lenovo Group's dividend payout ratio is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.