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

Gen Digital Inc. (NASDAQ:GEN) was the target of a large drop in short interest in 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. Approximately 3.3% of the shares of the company are short sold. Based on an average trading volume of 3,030,000 shares, the short-interest ratio is presently 6.1 days.

Gen Digital Stock Performance

Shares of NASDAQ:GEN traded up $0.06 during trading on Wednesday, reaching $28.17. The stock had a trading volume of 1,682,379 shares, compared to its average volume of 4,183,983. The stock has a fifty day simple moving average of $26.41 and a two-hundred day simple moving average of $24.58. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 3.65. Gen Digital has a 52 week low of $16.38 and a 52 week high of $28.45. The firm has a market capitalization of $17.64 billion, a price-to-earnings ratio of 29.65, a P/E/G ratio of 1.29 and a beta of 0.81.

Gen Digital (NASDAQ:GEN) last announced its earnings results on Thursday, August 1st. The company reported $0.49 EPS for the quarter, hitting the consensus estimate of $0.49. Gen Digital had a net margin of 15.87% and a return on equity of 52.29%. The firm had revenue of $965.00 million for the quarter, compared to the consensus estimate of $960.41 million. As a group, analysts anticipate that Gen Digital will post 2.04 earnings per share for the current fiscal year.

Gen Digital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Monday, August 19th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $0.50 annualized dividend and a dividend yield of 1.77%. Gen Digital’s dividend payout ratio is presently 52.63%.

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.