Dell Technologies Inc. (DVMT) Short Interest Up 55.1% in November

Dell Technologies Inc. (NYSE:DVMT) saw a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 4,383,448 shares, a growth of 55.1% from the November 15th total of 2,825,415 shares. Currently, 2.2% of the company’s shares are short sold. Based on an average daily trading volume, of 2,255,433 shares, the short-interest ratio is presently 1.9 days.

Shares of Dell Technologies (NYSE DVMT) opened at $84.77 on Tuesday. Dell Technologies has a 1 year low of $54.13 and a 1 year high of $84.77. The company has a quick ratio of 0.70, a current ratio of 0.85 and a debt-to-equity ratio of 2.98. The company has a market capitalization of $16,680.00 and a price-to-earnings ratio of 12.94.

In other Dell Technologies news, major shareholder Dell Technologies Inc sold 435,682 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $109.31, for a total transaction of $47,624,399.42. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider David I. Goulden sold 72,727 shares of the business’s stock in a transaction on Friday, October 13th. The stock was sold at an average price of $32.70, for a total value of $2,378,172.90. The disclosure for this sale can be found here. Insiders have sold 517,809 shares of company stock worth $50,749,496 in the last three months. 45.00% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of DVMT. Cheyne Capital Management UK LLP purchased a new stake in shares of Dell Technologies in the 3rd quarter valued at $2,186,000. Pentwater Capital Management LP raised its holdings in shares of Dell Technologies by 0.6% in the 3rd quarter. Pentwater Capital Management LP now owns 1,858,538 shares of the company’s stock valued at $143,498,000 after buying an additional 11,446 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Dell Technologies by 7.1% in the 3rd quarter. Wells Fargo & Company MN now owns 1,602,358 shares of the company’s stock valued at $123,719,000 after buying an additional 106,567 shares during the period. OZ Management LP raised its holdings in shares of Dell Technologies by 1.3% in the 3rd quarter. OZ Management LP now owns 1,498,098 shares of the company’s stock valued at $115,668,000 after buying an additional 18,868 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Dell Technologies by 0.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,353,765 shares of the company’s stock valued at $104,523,000 after buying an additional 4,196 shares during the period. Institutional investors own 23.03% of the company’s stock.

Separately, BidaskClub upgraded Dell Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 2nd.

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Dell Technologies Company Profile

Dell Technologies Inc, formerly Denali Holding Inc, is a provider of information technology solutions. The Company operates through two segments: Client Solutions and Enterprise Solutions Group (ESG). The Client Solutions segment includes sales to commercial and consumer customers of desktops, thin client products and notebooks, as well as services and third-party software and peripherals closely tied to the sale of Client Solutions hardware.

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