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

Gen Digital Inc. (NASDAQ:GEN - Get Free Report) saw a significant growth in short interest in 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. Currently, 3.4% of the shares of the company are short sold. Based on an average trading volume of 3,350,000 shares, the short-interest ratio is currently 5.6 days.

Institutional Trading of Gen Digital

Several hedge funds have recently made changes to their positions in the company. Brighton Jones LLC grew its position in Gen Digital by 5.4% during the fourth quarter. Brighton Jones LLC now owns 25,212 shares of the company's stock worth $690,000 after buying an additional 1,299 shares during the period. QSM Asset Management Ltd purchased a new position in shares of Gen Digital in the 4th quarter worth $5,373,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Gen Digital during the fourth quarter worth about $14,367,000. Institutional investors and hedge funds own 81.38% of the company's stock.

Gen Digital Stock Performance

Shares of GEN traded down $0.29 during mid-day trading on Monday, reaching $27.92. 2,562,462 shares of the company's stock were exchanged, compared to its average volume of 3,625,223. The business's fifty day simple moving average is $27.45 and its 200-day simple moving average is $27.85. Gen Digital has a 52-week low of $19.58 and a 52-week high of $31.72. The stock has a market capitalization of $17.20 billion, a PE ratio of 27.35, a price-to-earnings-growth ratio of 1.19 and a beta of 0.92. The company has a debt-to-equity ratio of 3.29, a current ratio of 0.35 and a quick ratio of 0.35.

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Gen Digital (NASDAQ:GEN - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.55 by ($0.03). Gen Digital had a return on equity of 58.83% and a net margin of 16.32%. On average, equities research analysts expect that Gen Digital will post 2.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, UBS Group upgraded Gen Digital to a "strong-buy" rating in a research report on Wednesday, December 4th.

Gen Digital Company Profile

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.