Lenovo Group Limited (OTCMKTS:LNVGY) Short Interest Down 85.1% in November

Lenovo Group Limited (OTCMKTS:LNVGY) was the target of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 5,100 shares, a decline 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 currently 0.1 days.

Lenovo Group Stock Performance

LNVGY stock traded up $0.75 on Wednesday, hitting $23.91. The company’s stock had a trading volume of 54,450 shares, compared to its average volume of 60,642. Lenovo Group has a 1 year low of $19.79 and a 1 year high of $31.82. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 0.43. The stock has a market cap of $14.83 billion, a price-to-earnings ratio of 12.56, a price-to-earnings-growth ratio of 0.51 and a beta of 0.81. The firm has a 50 day moving average of $26.42 and a two-hundred day moving average of $26.54.

Lenovo Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, December 19th. Stockholders of record on Wednesday, November 27th will be paid a dividend of $0.1984 per share. The ex-dividend date is Wednesday, November 27th. Lenovo Group’s dividend payout ratio (DPR) is 80.65%.

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.