Short Interest in Lenovo Group Limited (OTCMKTS:LNVGY) Drops By 85.1%

Lenovo Group Limited (OTCMKTS:LNVGY) was the target of a large decrease in short interest in November. As of November 15th, there was short interest totalling 5,100 shares, a decrease of 85.1% from the October 31st total of 34,300 shares. Based on an average trading volume of 72,900 shares, the days-to-cover ratio is presently 0.1 days.

Lenovo Group Stock Up 3.2 %

Shares of LNVGY traded up $0.75 during mid-day trading on Wednesday, reaching $23.91. The company’s stock had a trading volume of 54,450 shares, compared to its average volume of 60,642. The company’s 50 day moving average is $26.42 and its 200 day moving average is $26.54. The stock has a market cap of $14.83 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 0.51 and a beta of 0.81. Lenovo Group has a 12-month low of $19.79 and a 12-month high of $31.82. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.85 and a quick ratio of 0.58.

Lenovo Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, December 19th. Shareholders of record on Wednesday, November 27th will be paid a $0.1984 dividend. The ex-dividend date is Wednesday, November 27th. Lenovo Group’s dividend payout ratio is currently 80.65%.

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.