Gen Digital Inc. (NASDAQ:GEN) Short Interest Down 14.8% in October

Gen Digital Inc. (NASDAQ:GEN) was the recipient of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 14,630,000 shares, a decrease of 14.8% from the October 15th total of 17,170,000 shares. Approximately 2.6% of the shares of the stock are sold short. Based on an average daily volume of 3,150,000 shares, the short-interest ratio is presently 4.6 days.

Gen Digital Price Performance

Gen Digital stock traded down $0.17 during midday trading on Monday, hitting $29.28. The company’s stock had a trading volume of 2,002,089 shares, compared to its average volume of 4,121,673. Gen Digital has a 12 month low of $19.08 and a 12 month high of $30.89. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 3.40. The company has a market capitalization of $18.04 billion, a PE ratio of 29.88, a price-to-earnings-growth ratio of 1.38 and a beta of 0.80. The stock’s 50-day moving average price is $27.70 and its 200-day moving average price is $25.79.

Gen Digital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Monday, November 18th will be given a $0.125 dividend. The ex-dividend date is Monday, November 18th. This represents a $0.50 annualized dividend and a yield of 1.71%. Gen Digital’s dividend payout ratio (DPR) is 51.02%.

Analyst Ratings Changes

Separately, Wells Fargo & Company upgraded Gen Digital to a “strong-buy” rating in a research report on Thursday, October 24th.

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.