Gen Digital Inc. (NASDAQ:GEN) Short Interest Update

Gen Digital Inc. (NASDAQ:GEN) saw a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 18,710,000 shares, a growth of 25.0% from the January 31st total of 14,970,000 shares. Based on an average daily trading volume, of 3,350,000 shares, the days-to-cover ratio is presently 5.6 days. Currently, 3.4% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, UBS Group upgraded shares of Gen Digital to a “strong-buy” rating in a research note on Wednesday, December 4th.

Gen Digital Price Performance

Shares of GEN opened at $27.33 on Friday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 3.29. The stock’s 50 day moving average is $27.43 and its two-hundred day moving average is $27.80. Gen Digital has a twelve month low of $19.58 and a twelve month high of $31.72. The firm has a market capitalization of $16.84 billion, a PE ratio of 26.79, a P/E/G ratio of 1.19 and a beta of 0.83.

Gen Digital (NASDAQ:GEN) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). Gen Digital had a net margin of 16.32% and a return on equity of 58.83%. Research analysts anticipate that Gen Digital will post 2.05 earnings per share for the current year.

Institutional Investors Weigh In On Gen Digital

Institutional investors have recently made changes to their positions in the stock. Brighton Jones LLC lifted its stake in shares of Gen Digital by 5.4% in the fourth quarter. Brighton Jones LLC now owns 25,212 shares of the company’s stock valued at $690,000 after purchasing an additional 1,299 shares during the period. QSM Asset Management Ltd acquired a new position in Gen Digital during the fourth quarter worth about $5,373,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Gen Digital in the fourth quarter valued at about $14,367,000. 81.38% of the stock is currently owned by hedge funds and other institutional investors.

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.