Genpact Limited (NYSE:G) Short Interest Increased By 91.06%

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Investors sentiment increased to 1.44 in 2019 Q1. Its up 0.70, from 0.74 in 2018Q4. It improved, as 13 investors sold Genpact Limited shares while 69 reduced holdings. 44 funds opened positions while 74 raised stakes. 164.79 million shares or 0.88% less from 166.25 million shares in 2018Q4 were reported.
Private Advisor Ltd invested in 28,145 shares or 0.02% of the stock. Guardian reported 108,725 shares or 0.05% of all its holdings. Moreover, Paloma Prtnrs Management has 0.04% invested in Genpact Limited (NYSE:G). 930 are held by Huntington Savings Bank. Schroder Investment Mgmt Gp reported 786,235 shares stake. Natixis Advsrs Ltd Partnership has invested 0.02% in Genpact Limited (NYSE:G). Tiaa Cref Ltd Llc accumulated 0.02% or 944,964 shares. 6,810 were reported by First Hawaiian Savings Bank. 385 are owned by Heritage Wealth Advsr. State Of New Jersey Common Pension Fund D has 0.03% invested in Genpact Limited (NYSE:G) for 190,929 shares. State Board Of Administration Of Florida Retirement Systems reported 0.02% of its portfolio in Genpact Limited (NYSE:G). Denali Ltd Liability Company invested 0.03% of its portfolio in Genpact Limited (NYSE:G). Illinois-based Blair William And Il has invested 0.01% in Genpact Limited (NYSE:G). Price T Rowe Assoc Inc Md, Maryland-based fund reported 244,468 shares. D E Shaw And stated it has 0.16% of its portfolio in Genpact Limited (NYSE:G).

The stock of Genpact Limited (NYSE:G) registered an increase of 91.06% in short interest. G’s total short interest was 1.60 million shares in August as published by FINRA. Its up 91.06% from 836,900 shares, reported previously. With 1.05M shares average volume, it will take short sellers 2 days to cover their G’s short positions. The short interest to Genpact Limited’s float is 1.11%.

The stock increased 1.34% or $0.53 during the last trading session, reaching $40.22. About 2.82 million shares traded or 134.44% up from the average. Genpact Limited (NYSE:G) has risen 31.43% since August 15, 2018 and is uptrending. It has outperformed by 31.43% the S&P500.

Genpact Limited provides business process outsourcing and information technology management services worldwide. The company has market cap of $7.66 billion. The firm offers finance and accounting services, including accounts payable comprising document management, invoice processing, approval, resolution management, and T&E processing; order to cash services, such as customer master data management, credit and contract management, fulfillment, billing, collections, and dispute management services; record to report services consisting of accounting, closing and reporting, treasury, tax, and product cost accounting services; enterprise performance management, including budgeting, forecasting, business performance reporting, and analytics; and enterprise risk and compliance services comprising SOX advisory, enterprise risk management, internal audit, FCPA, and IT risk management services. It has a 27.18 P/E ratio. It also provides analytics and research services; core industry operation services; business and enterprise risk consulting services; transformation services; and supply chain and procurement services, including direct and indirect strategic sourcing, category management, spend analytics, procurement operations, master data management, and other procurement and supply chain advisory services.

Genpact Limited (NYSE:G) Ratings Coverage

Among 3 analysts covering Genpact (NYSE:G), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Genpact has $4700 highest and $36 lowest target. $45’s average target is 11.88% above currents $40.22 stock price. Genpact had 11 analyst reports since February 26, 2019 according to SRatingsIntel. The company was maintained on Thursday, August 8 by Deutsche Bank. The firm has “Overweight” rating given on Thursday, August 8 by Cantor Fitzgerald. The rating was maintained by Cantor Fitzgerald with “Buy” on Sunday, March 3.

More notable recent Genpact Limited (NYSE:G) news were published by: Finance.Yahoo.com which released: “Genpact Announces Secondary Equity Offering on Behalf of Selling Shareholders – Yahoo Finance” on August 13, 2019, also Seekingalpha.com with their article: “Bain Capital and GIC further reduce stake in Genpact via public offering – Seeking Alpha” published on August 14, 2019, Benzinga.com published: “Earnings Scheduled For August 7, 2019 – Benzinga” on August 07, 2019. More interesting news about Genpact Limited (NYSE:G) were released by: Finance.Yahoo.com and their article: “Genpact Limited (NYSE:G): Will The Growth Last? – Yahoo Finance” published on May 04, 2019 as well as Finance.Yahoo.com‘s news article titled: “Is Genpact Limited’s (NYSE:G) 19% ROE Better Than Average? – Yahoo Finance” with publication date: July 16, 2019.

Genpact Limited (NYSE:G) Ratings Chart

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