Short Interest in Lenovo Group Limited (OTCMKTS:LNVGF) Decreases By 6.0%

Lenovo Group Limited (OTCMKTS:LNVGF) was the recipient of a significant decline in short interest during the month of July. As of July 31st, there was short interest totalling 33,529,600 shares, a decline of 6.0% from the July 15th total of 35,665,100 shares. Based on an average daily volume of 42,000 shares, the short-interest ratio is presently 798.3 days.

Lenovo Group Trading Up 5.5 %

LNVGF stock opened at $1.35 on Wednesday. Lenovo Group has a 1-year low of $0.83 and a 1-year high of $1.58. The firm has a fifty day moving average price of $1.35 and a two-hundred day moving average price of $1.25.

Lenovo Group Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, August 14th. Shareholders of record on Friday, August 2nd were paid a dividend of $0.30 per share. This is a positive change from Lenovo Group’s previous dividend of $0.08. The ex-dividend date was Thursday, August 1st. This represents a yield of 3.89%. Lenovo Group’s payout ratio is presently 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.