Lendlease Group (OTCMKTS:LLESY) Sees Significant Decline in Short Interest

Lendlease Group (OTCMKTS:LLESY) was the recipient of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 100 shares, a drop of 95.0% from the February 29th total of 2,000 shares. Based on an average daily trading volume, of 1,800 shares, the short-interest ratio is presently 0.1 days.

Lendlease Group Stock Performance

OTCMKTS LLESY remained flat at $4.22 during mid-day trading on Wednesday. Lendlease Group has a 12 month low of $3.80 and a 12 month high of $6.10. The business’s 50 day moving average price is $4.41 and its two-hundred day moving average price is $4.44.

Lendlease Group Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, March 1st were paid a dividend of $0.0319 per share. The ex-dividend date of this dividend was Thursday, February 29th. This is a positive change from Lendlease Group’s previous dividend of $0.03. Lendlease Group’s dividend payout ratio (DPR) is currently 4.64%.

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.