Genworth Financial Sees Large Increase in Short Interest (GNW)
Shares of Genworth Financial (NYSE:GNW) were the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 12,293,977 shares, a growth of 27.6% from the April 30th total of 9,635,298 shares, StockRatingsNetwork reports. Approximately 2.5% of the shares of the company are short sold. Based on an average daily trading volume, of 6,184,224 shares, the days-to-cover ratio is currently 2.0 days.
A number of research firms have recently commented on GNW. Analysts at Morgan Stanley downgraded shares of Genworth Financial from an “equal weight” rating to an “underweight” rating in a research note on Monday, May 19th. They now have a $18.00 price target on the stock. Separately, analysts at Compass Point reiterated a “buy” rating on shares of Genworth Financial in a research note on Thursday, May 1st. They now have a $23.00 price target on the stock. Finally, analysts at Scotiabank reiterated a “sector outperform” rating on shares of Genworth Financial in a research note on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. Genworth Financial presently has a consensus rating of “Hold” and a consensus price target of $17.64.
Shares of Genworth Financial (NYSE:GNW) opened at 17.95 on Monday. Genworth Financial has a 1-year low of $10.36 and a 1-year high of $18.74. The stock’s 50-day moving average is $17.63 and its 200-day moving average is $16.36. The company has a market cap of $8.908 billion and a P/E ratio of 13.69.
Genworth Financial (NYSE:GNW) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.04. The company had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was up .8% on a year-over-year basis. On average, analysts predict that Genworth Financial will post $1.46 earnings per share for the current fiscal year.
Genworth Financial, Inc (NYSE:GNW) is a financial security company.
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