Genworth Financial Inc June 15th Short Interest Update

Genworth Financial Inc (NYSE:GNW) reported a drop of 3.4% or 851,672 shares in its short interest. The short figure came in at 4.9% of the total floats. The average daily volume of 6,222,996 shares suggests that the days to cover 24,492,733 short positions, as on June 15,2016, will be 4. On May 31,2016, the short interest was 25,344,405 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Genworth Financial Inc (NYSE:GNW): The stock opened at $3.08 on Friday but the bulls could not build on the opening and the stock topped out at $3.22 for the day. The stock traded down to $2.99 during the day, due to lack of any buying support eventually closed down at $3.05 with a loss of -9.23% for the day. The stock had closed at $3.36 on the previous day. The total traded volume was 41,173,438 shares.

The company shares have dropped -59.97% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $7.90 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $3.49 and the 200 Day Moving Average price is recorded at $3.01.

Genworth Financial Inc (NYSE:GNW) has tumbled 1.93% during the past week and has dropped 16.89% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.3%. Genworth Financial Inc (NYSE:GNW) has underperformed the index by 14.38% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Genworth Financial, Inc. is engaged in providing the insurance, retirement and homeownership needs of its customers. The Company operates through three divisions: U.S. Life Insurance, Global Mortgage Insurance and Corporate and Other. The Company operates in segments: U.S. Life Insurance, in which it offers and manages a variety of insurance and fixed annuity products in the United States; International Mortgage Insurance, in which it provides mortgage insurance products and related services in Canada and Australia, and also in select European and other countries; U.S. Mortgage Insurance, in which it offers mortgage insurance products predominantly insuring prime-based, individually underwritten residential mortgage loans; International Protection, in which it provides payment protection coverages, and Runoff, which includes the results of non-strategic products, which are no longer actively sold.

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