Short Interest in Genworth Financial, Inc. (NYSE:GNW) Rises By 30.1%

Genworth Financial, Inc. (NYSE:GNW - Get Free Report) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totalling 9,340,000 shares, an increase of 30.1% from the March 31st total of 7,180,000 shares. Approximately 2.3% of the shares of the stock are short sold. Based on an average trading volume of 5,830,000 shares, the days-to-cover ratio is presently 1.6 days.

Genworth Financial Price Performance

Shares of NYSE:GNW traded down $0.05 during trading on Monday, reaching $6.92. The stock had a trading volume of 7,005,707 shares, compared to its average volume of 3,757,566. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.29 and a current ratio of 0.29. Genworth Financial has a 1-year low of $5.87 and a 1-year high of $7.90. The stock has a market cap of $2.88 billion, a PE ratio of 10.17 and a beta of 0.95. The business has a fifty day moving average price of $6.75 and a 200-day moving average price of $7.01.

Genworth Financial (NYSE:GNW - Get Free Report) last announced its earnings results on Wednesday, April 30th. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.09). The business had revenue of $1.76 billion for the quarter. Genworth Financial had a return on equity of 2.96% and a net margin of 4.10%.

Institutional Trading of Genworth Financial

A number of hedge funds have recently bought and sold shares of the business. Prudential Financial Inc. grew its position in shares of Genworth Financial by 70.2% in the fourth quarter. Prudential Financial Inc. now owns 5,567,978 shares of the financial services provider's stock valued at $38,920,000 after purchasing an additional 2,296,538 shares in the last quarter. Norges Bank acquired a new position in Genworth Financial during the fourth quarter worth $15,034,000. Boone Capital Management LLC purchased a new stake in Genworth Financial in the 4th quarter valued at $10,741,000. Nuveen Asset Management LLC increased its stake in shares of Genworth Financial by 106.9% in the 4th quarter. Nuveen Asset Management LLC now owns 2,663,077 shares of the financial services provider's stock worth $18,615,000 after acquiring an additional 1,375,637 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Genworth Financial during the 4th quarter worth $7,496,000. Institutional investors and hedge funds own 81.85% of the company's stock.

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.