Short Interest in Genworth Financial, Inc. (NYSE:GNW) Rises By 10.5%

Genworth Financial, Inc. (NYSE:GNW) was the recipient of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 7,130,000 shares, an increase of 10.5% from the October 31st total of 6,450,000 shares. Currently, 1.7% of the shares of the company are sold short. Based on an average daily trading volume, of 2,720,000 shares, the days-to-cover ratio is currently 2.6 days.

Genworth Financial Trading Down 0.4 %

Shares of NYSE GNW traded down $0.03 during mid-day trading on Wednesday, hitting $7.61. 376,071 shares of the company traded hands, compared to its average volume of 2,776,702. Genworth Financial has a 1 year low of $5.67 and a 1 year high of $7.90. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of 36.38 and a beta of 0.99. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.17. The business has a 50 day moving average of $7.13 and a two-hundred day moving average of $6.69.

Analysts Set New Price Targets

Separately, StockNews.com lowered Genworth Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Harbor Capital Advisors Inc. acquired a new position in Genworth Financial during the third quarter valued at $30,000. EverSource Wealth Advisors LLC increased its position in Genworth Financial by 72.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,828 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 2,022 shares during the last quarter. GAMMA Investing LLC increased its position in Genworth Financial by 34.0% in the 3rd quarter. GAMMA Investing LLC now owns 9,247 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 2,347 shares during the last quarter. LMR Partners LLP acquired a new position in Genworth Financial in the 3rd quarter worth about $73,000. Finally, RMR Wealth Builders increased its position in Genworth Financial by 20.2% in the 2nd quarter. RMR Wealth Builders now owns 12,620 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 2,120 shares during the last quarter. 81.85% of the stock is owned by institutional investors and hedge funds.

Genworth Financial Company Profile

Genworth Financial, Inc, together with its subsidiaries, provides mortgage and long-term care insurance products in the United States and internationally. It operates in three segments: Enact, Long-Term Care Insurance, and Life and Annuities. The Enact segment offers private mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans; and pool mortgage insurance products.