Dell Technologies Inc. (DVMT) Short Interest Update
Dell Technologies Inc. (NYSE:DVMT) saw a large growth in short interest in 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. Approximately 2.2% of the shares of the stock are sold short. Based on an average daily volume of 2,255,433 shares, the days-to-cover ratio is presently 1.9 days.
Shares of Dell Technologies (NYSE:DVMT) opened at $82.08 on Friday. Dell Technologies has a 52 week low of $54.13 and a 52 week high of $84.77. The company has a current ratio of 0.85, a quick ratio of 0.78 and a debt-to-equity ratio of 2.98. The company has a market capitalization of $63,784.68, a P/E ratio of -11.32 and a beta of 0.08.
In other news, CEO Michael S. Dell acquired 14,350 shares of the business’s stock in a transaction on Monday, December 11th. The stock was bought at an average cost of $32.70 per share, for a total transaction of $469,245.00. Following the purchase, the chief executive officer now owns 539,274 shares in the company, valued at $17,634,259.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Dell Technologies Inc sold 435,682 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $109.31, for a total value of $47,624,399.42. The disclosure for this sale can be found here. Insiders sold a total of 517,809 shares of company stock valued at $50,749,496 in the last ninety days. 45.00% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of DVMT. Longfellow Investment Management Co. LLC increased its stake in Dell Technologies by 316.4% during the 3rd quarter. Longfellow Investment Management Co. LLC now owns 104,100 shares of the company’s stock worth $8,038,000 after buying an additional 79,100 shares in the last quarter. Oakbrook Investments LLC purchased a new stake in shares of Dell Technologies in the third quarter valued at approximately $270,000. Whittier Trust Co. grew its position in shares of Dell Technologies by 9.3% in the third quarter. Whittier Trust Co. now owns 9,494 shares of the company’s stock valued at $733,000 after purchasing an additional 808 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Dell Technologies in the third quarter valued at approximately $456,000. Finally, Huntington National Bank purchased a new stake in shares of Dell Technologies in the third quarter valued at approximately $1,038,000. 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 note on Saturday, September 2nd.
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.
Receive News & Ratings for Dell Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dell Technologies and related companies with Analyst Ratings Network's FREE daily email newsletter.