Short Interest in Lenovo Group Limited (OTCMKTS:LNVGY) Grows By 320.0%

Lenovo Group Limited (OTCMKTS:LNVGY) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 29,400 shares, an increase of 320.0% from the June 30th total of 7,000 shares. Based on an average trading volume of 135,500 shares, the short-interest ratio is currently 0.2 days.

Lenovo Group Stock Down 3.4 %

LNVGY stock traded down $0.88 during midday trading on Thursday, hitting $25.17. The company’s stock had a trading volume of 49,948 shares, compared to its average volume of 57,501. The company has a market cap of $15.61 billion, a PE ratio of 15.63, a P/E/G ratio of 0.49 and a beta of 0.85. The firm’s 50-day moving average is $28.16 and its 200-day moving average is $25.00. Lenovo Group has a 12 month low of $18.39 and a 12 month high of $31.82. The company has a current ratio of 0.87, a quick ratio of 0.61 and a debt-to-equity ratio of 0.59.

Lenovo Group (OTCMKTS:LNVGY) last released its quarterly earnings data on Thursday, May 23rd. The technology company reported $0.39 EPS for the quarter. The company had revenue of $13.83 billion for the quarter. Lenovo Group had a return on equity of 17.35% and a net margin of 1.80%. On average, equities research analysts forecast that Lenovo Group will post 2.48 earnings per share for the current fiscal year.

Lenovo Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, August 21st. Stockholders of record on Thursday, August 1st will be issued a dividend of $0.7484 per share. This is a boost from Lenovo Group’s previous dividend of $0.19. The ex-dividend date of this dividend is Thursday, August 1st. Lenovo Group’s payout ratio is presently 22.98%.

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.