Lenovo Group Limited (OTCMKTS:LNVGF) Short Interest Down 19.6% in December

Lenovo Group Limited (OTCMKTS:LNVGF) saw a significant drop in short interest in December. As of December 15th, there was short interest totalling 11,467,500 shares, a drop of 19.6% from the November 30th total of 14,262,000 shares. Based on an average trading volume of 137,500 shares, the short-interest ratio is currently 83.4 days.

Lenovo Group Price Performance

OTCMKTS LNVGF traded up $0.03 during mid-day trading on Tuesday, reaching $1.29. 59,762 shares of the company’s stock traded hands, compared to its average volume of 66,529. The company has a fifty day simple moving average of $1.25 and a 200-day simple moving average of $1.28. Lenovo Group has a 1-year low of $0.83 and a 1-year high of $1.58.

Lenovo Group Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 28th were given a dividend of $0.085 per share. This represents a dividend yield of 4.07%. The ex-dividend date was Wednesday, November 27th. Lenovo Group’s payout ratio is currently 36.14%.

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.