Lendlease Group (OTCMKTS:LLESY – Get Free Report) was the target of a significant increase in short interest in August. As of August 15th, there was short interest totalling 18,100 shares, an increase of 3,520.0% from the July 31st total of 500 shares. Based on an average trading volume of 8,800 shares, the short-interest ratio is presently 2.1 days.
Lendlease Group Price Performance
Lendlease Group stock opened at $4.59 on Wednesday. The firm’s 50 day simple moving average is $3.97 and its 200-day simple moving average is $4.05. Lendlease Group has a fifty-two week low of $3.43 and a fifty-two week high of $5.14.
Lendlease Group Cuts Dividend
The company also recently announced a dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, August 29th will be given a $0.0213 dividend. The ex-dividend date of this dividend is Thursday, August 29th. Lendlease Group’s dividend payout ratio (DPR) is currently 6.63%.
Lendlease Group Company Profile
Lendlease Group operates as an integrated real estate and investment company in Australia, Asia, Europe, and the Americas. It operates through Development, Construction, and Investments segments. The Development segment develops inner-city mixed-use developments, apartments, communities, retirement, retail, commercial assets, and social and economic infrastructure.
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