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

Lenovo Group Limited (OTCMKTS:LNVGF) was the target of a large drop in short interest during the month of 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 daily volume of 137,500 shares, the short-interest ratio is currently 83.4 days.

Lenovo Group Stock Performance

LNVGF stock traded up $0.12 during midday trading on Friday, hitting $1.34. 2,016,204 shares of the company’s stock were exchanged, compared to its average volume of 66,632. Lenovo Group has a one year low of $0.83 and a one year high of $1.58. The stock’s fifty day moving average price is $1.25 and its 200-day moving average price is $1.29.

Lenovo Group Cuts Dividend

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