Genworth Financial, Inc. (NYSE:GNW) Short Interest Update

Genworth Financial, Inc. (NYSE:GNW) was the target of a large growth in short interest during the month of 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 trading volume of 2,720,000 shares, the days-to-cover ratio is presently 2.6 days. Approximately 1.7% of the company’s shares are sold short.

Hedge Funds Weigh In On Genworth Financial

Several large investors have recently modified their holdings of GNW. EverSource Wealth Advisors LLC raised its position in shares of Genworth Financial by 72.1% in the second quarter. EverSource Wealth Advisors LLC now owns 4,828 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 2,022 shares during the period. Harbor Capital Advisors Inc. bought a new position in shares of Genworth Financial in the third quarter valued at about $30,000. GAMMA Investing LLC raised its position in shares of Genworth Financial by 34.0% in the third quarter. GAMMA Investing LLC now owns 9,247 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 2,347 shares during the period. LMR Partners LLP bought a new position in shares of Genworth Financial in the third quarter valued at about $73,000. Finally, RMR Wealth Builders raised its position in shares of Genworth Financial by 20.2% in the second quarter. RMR Wealth Builders now owns 12,620 shares of the financial services provider’s stock valued at $76,000 after purchasing an additional 2,120 shares during the period. 81.85% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Genworth Financial Stock Performance

Shares of GNW opened at $7.64 on Wednesday. Genworth Financial has a 12 month low of $5.67 and a 12 month high of $7.90. The firm has a fifty day simple moving average of $7.13 and a 200 day simple moving average of $6.69. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 36.38 and a beta of 0.99. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.17.

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.