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Shares of Genworth Financial (NYSE:GNW) were the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totalling 6,840,796 shares, a drop of 33.0% from the July 15th total of 10,203,359 shares, Stock Ratings Network reports. Currently, 1.4% of the company’s shares are sold short. Based on an average trading volume of 8,340,382 shares, the days-to-cover ratio is presently 0.8 days.

GNW has been the subject of a number of recent research reports. Analysts at Morgan Stanley upgraded shares of Genworth Financial from an “underweight” rating to an “equal weight” rating in a research note on Monday, August 11th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Genworth Financial in a research note on Thursday, July 31st. They now have a $15.00 price target on the stock. Finally, analysts at Compass Point reiterated a “focus list” rating on shares of Genworth Financial in a research note on Thursday, July 31st. They now have a $16.50 price target on the stock, down previously from $23.00. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $16.86.

Shares of Genworth Financial (NYSE:GNW) opened at 13.41 on Monday. Genworth Financial has a 52 week low of $11.55 and a 52 week high of $18.74. The stock has a 50-day moving average of $15.44 and a 200-day moving average of $16.5. The company has a market cap of $6.660 billion and a price-to-earnings ratio of 9.93.

Genworth Financial (NYSE:GNW) last announced its earnings results on Tuesday, July 29th. The company reported $0.35 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.35. The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the prior year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. On average, analysts predict that Genworth Financial will post $1.29 earnings per share for the current fiscal year.

Genworth Financial, Inc (NYSE:GNW) is a financial security company.

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