Short Interest in Lenovo Group Limited (OTCMKTS:LNVGF) Rises By 27.1%

Lenovo Group Limited (OTCMKTS:LNVGF) saw a large growth in short interest in September. As of September 30th, there was short interest totalling 25,368,500 shares, a growth of 27.1% from the September 15th total of 19,964,200 shares. Based on an average daily volume of 561,000 shares, the days-to-cover ratio is currently 45.2 days.

Lenovo Group Trading Down 6.4 %

Shares of OTCMKTS LNVGF traded down $0.10 during midday trading on Tuesday, hitting $1.39. 2,216 shares of the stock traded hands, compared to its average volume of 55,828. Lenovo Group has a one year low of $0.83 and a one year high of $1.58. The business has a 50 day moving average price of $1.25 and a two-hundred day moving average price of $1.28.

Lenovo Group Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, August 14th. Shareholders of record on Friday, August 2nd were paid a $0.30 dividend. This represents a dividend yield of 3.89%. This is a positive change from Lenovo Group’s previous dividend of $0.08. The ex-dividend date of this dividend was Thursday, August 1st. Lenovo Group’s dividend payout ratio (DPR) is 36.14%.

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.