Lenovo Group Limited (OTCMKTS:LNVGY) Short Interest Up 425.0% in August

Lenovo Group Limited (OTCMKTS:LNVGY) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totalling 2,100 shares, an increase of 425.0% from the August 15th total of 400 shares. Based on an average daily volume of 69,800 shares, the short-interest ratio is presently 0.0 days.

Lenovo Group Price Performance

LNVGY traded up $0.28 during trading on Friday, hitting $23.64. 16,207 shares of the company traded hands, compared to its average volume of 54,099. The company has a market cap of $14.66 billion, a PE ratio of 14.68, a P/E/G ratio of 0.43 and a beta of 0.81. The stock’s 50-day simple moving average is $25.40 and its two-hundred day simple moving average is $25.36. Lenovo Group has a 1 year low of $19.52 and a 1 year high of $31.82. The company has a current ratio of 0.85, a quick ratio of 0.61 and a debt-to-equity ratio of 0.43.

Lenovo Group (OTCMKTS:LNVGY) last released its earnings results on Thursday, August 15th. The technology company reported $0.38 earnings per share (EPS) for the quarter. The firm had revenue of $15.45 billion during the quarter. Lenovo Group had a net margin of 1.81% and a return on equity of 18.08%. As a group, sell-side analysts anticipate that Lenovo Group will post 2.42 earnings per share for the current fiscal year.

Lenovo Group Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, August 21st. Stockholders of record on Thursday, August 1st were given a $0.7484 dividend. The ex-dividend date was Thursday, August 1st. This is an increase from Lenovo Group’s previous dividend of $0.19. Lenovo Group’s payout ratio is presently 93.17%.

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.