Short Interest in Gen Digital Inc. (NASDAQ:GEN) Decreases By 11.6%

Gen Digital Inc. (NASDAQ:GEN) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 18,570,000 shares, a drop of 11.6% from the September 15th total of 21,000,000 shares. Currently, 3.3% of the shares of the company are sold short. Based on an average daily volume of 3,030,000 shares, the short-interest ratio is presently 6.1 days.

Gen Digital Stock Up 0.9 %

GEN opened at $28.01 on Tuesday. The business has a 50 day simple moving average of $26.25 and a 200-day simple moving average of $24.51. Gen Digital has a 12 month low of $16.38 and a 12 month high of $28.01. The stock has a market capitalization of $17.24 billion, a P/E ratio of 29.48, a P/E/G ratio of 1.29 and a beta of 0.81. The company has a debt-to-equity ratio of 3.65, a current ratio of 0.30 and a quick ratio of 0.30.

Gen Digital (NASDAQ:GEN) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.49 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.49. Gen Digital had a net margin of 15.87% and a return on equity of 52.29%. The business had revenue of $965.00 million for the quarter, compared to analysts’ expectations of $960.41 million. On average, equities analysts anticipate that Gen Digital will post 2.04 earnings per share for the current fiscal year.

Gen Digital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 19th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.79%. The ex-dividend date was Monday, August 19th. Gen Digital’s dividend payout ratio (DPR) is 52.63%.

About Gen Digital

Gen Digital Inc engages in the provision of cyber safety solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company offers security and performance products under Norton, Avast, Avira, AVG, and CCleaner brands that provide real-time protection and maintenance for PCs, Macs, and mobile devices against malware, viruses, adware, and other online threats.