Lenovo Group Limited (OTCMKTS:LNVGY) Sees Significant Decline in Short Interest

Lenovo Group Limited (OTCMKTS:LNVGY) saw a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 10,700 shares, a decrease of 40.6% from the November 30th total of 18,000 shares. Based on an average daily trading volume, of 92,800 shares, the days-to-cover ratio is currently 0.1 days.

Lenovo Group Stock Down 0.2 %

LNVGY stock opened at $25.01 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.58 and a current ratio of 0.86. The stock has a market capitalization of $15.51 billion, a PE ratio of 13.45, a price-to-earnings-growth ratio of 0.51 and a beta of 0.78. Lenovo Group has a one year low of $19.79 and a one year high of $31.82. The company has a fifty day moving average of $25.09 and a 200-day moving average of $25.96.

Lenovo Group Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, December 19th. Investors of record on Wednesday, November 27th were paid a $0.1984 dividend. The ex-dividend date was Wednesday, November 27th. Lenovo Group’s dividend payout ratio (DPR) is presently 20.97%.

Lenovo Group Company Profile

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.