Lenovo Group Limited (OTCMKTS:LNVGF) Sees Large Drop in Short Interest

Lenovo Group Limited (OTCMKTS:LNVGF) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 8,982,200 shares, a decline of 21.1% from the December 31st total of 11,384,900 shares. Based on an average daily volume of 339,400 shares, the short-interest ratio is presently 26.5 days.

Lenovo Group Price Performance

Shares of Lenovo Group stock remained flat at $1.23 on Monday. The stock had a trading volume of 48 shares, compared to its average volume of 151,000. The business has a fifty day simple moving average of $1.22 and a two-hundred day simple moving average of $1.25. Lenovo Group has a 12 month low of $0.83 and a 12 month high of $1.58.

Lenovo Group Cuts Dividend

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

About Lenovo Group

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.