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

Genworth Financial, Inc. (NYSE:GNW) was the target of a large growth in short interest in 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 currently 2.6 days. Currently, 1.7% of the shares of the company are short sold.

Institutional Trading of Genworth Financial

Large investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD increased its holdings in Genworth Financial by 3.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 387,530 shares of the financial services provider’s stock valued at $2,492,000 after buying an additional 11,959 shares during the last quarter. Simplicity Wealth LLC lifted its holdings in Genworth Financial by 22.1% in the 2nd quarter. Simplicity Wealth LLC now owns 15,057 shares of the financial services provider’s stock valued at $91,000 after acquiring an additional 2,721 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Genworth Financial by 138.3% during the second quarter. Assenagon Asset Management S.A. now owns 4,233,541 shares of the financial services provider’s stock valued at $25,571,000 after purchasing an additional 2,456,816 shares during the last quarter. Blue Trust Inc. boosted its holdings in Genworth Financial by 711.1% in the 2nd quarter. Blue Trust Inc. now owns 12,888 shares of the financial services provider’s stock valued at $83,000 after purchasing an additional 11,299 shares during the period. Finally, Fifth Third Wealth Advisors LLC bought a new position in Genworth Financial in the 2nd quarter valued at $83,000. Hedge funds and other institutional investors own 81.85% of the company’s stock.

Wall Street Analyst Weigh In

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

Genworth Financial Price Performance

GNW traded down $0.04 during trading on Monday, reaching $7.76. The stock had a trading volume of 3,586,410 shares, compared to its average volume of 2,789,055. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.29 and a current ratio of 0.29. Genworth Financial has a one year low of $5.67 and a one year high of $7.90. The stock has a market cap of $3.31 billion, a PE ratio of 37.14 and a beta of 0.95. The business has a 50-day moving average of $7.10 and a 200-day moving average of $6.67.

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.