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.
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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