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

Genworth Financial, Inc. (NYSE:GNW) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 7,130,000 shares, a growth of 10.5% from the October 31st total of 6,450,000 shares. Based on an average daily volume of 2,720,000 shares, the short-interest ratio is presently 2.6 days. Approximately 1.7% of the company’s shares are short sold.

Analysts Set New Price Targets

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

Genworth Financial Stock Down 0.4 %

Genworth Financial stock traded down $0.03 during midday trading on Wednesday, hitting $7.61. 376,071 shares of the company were exchanged, compared to its average volume of 2,776,702. The company’s fifty day moving average price is $7.13 and its 200-day moving average price is $6.69. The company has a market cap of $3.25 billion, a PE ratio of 36.38 and a beta of 0.99. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.29 and a quick ratio of 0.29. Genworth Financial has a fifty-two week low of $5.67 and a fifty-two week high of $7.90.

Hedge Funds Weigh In On Genworth Financial

Several hedge funds and other institutional investors have recently bought and sold shares of GNW. EverSource Wealth Advisors LLC increased its holdings in Genworth Financial by 72.1% during 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. Harbor Capital Advisors Inc. purchased a new stake in Genworth Financial during the 3rd quarter worth approximately $30,000. GAMMA Investing LLC increased its holdings in shares of Genworth Financial by 34.0% in the 3rd quarter. GAMMA Investing LLC now owns 9,247 shares of the financial services provider’s stock valued at $63,000 after acquiring an additional 2,347 shares during the last quarter. LMR Partners LLP bought a new stake in shares of Genworth Financial in the 3rd quarter valued at approximately $73,000. Finally, RMR Wealth Builders increased its holdings in shares of Genworth Financial by 20.2% in the 2nd quarter. RMR Wealth Builders now owns 12,620 shares of the financial services provider’s stock valued at $76,000 after acquiring 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.