What’s in Genpact Limited (NYSE:G) After Rise in Shorted Shares?

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Investors sentiment increased to 1.44 in Q1 2019. Its up 0.70, from 0.74 in 2018Q4. It is positive, 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.
Third Avenue Mngmt Ltd Liability Company has invested 0.34% of its portfolio in Genpact Limited (NYSE:G). New York-based Citigroup Incorporated has invested 0% in Genpact Limited (NYSE:G). Bokf Na reported 0.02% stake. Suntrust Banks Incorporated holds 0% of its portfolio in Genpact Limited (NYSE:G) for 14,039 shares. Principal Financial Grp reported 20,668 shares or 0% of all its holdings. Cubist Systematic Strategies Limited Liability Corp holds 12,450 shares or 0.01% of its portfolio. D E Shaw Incorporated accumulated 3.42M shares or 0.16% of the stock. Denali Ltd Liability Co invested 0.03% in Genpact Limited (NYSE:G). Strs Ohio has invested 0% in Genpact Limited (NYSE:G). Moreover, Paloma Partners Communications has 0.04% invested in Genpact Limited (NYSE:G). Geode Capital Mngmt Ltd Liability Corporation has 1.63 million shares. Earnest Prtnrs Lc accumulated 33 shares. Private Advisor Group Ltd reported 0.02% in Genpact Limited (NYSE:G). Millennium Mngmt Ltd Liability Company reported 0.08% of its portfolio in Genpact Limited (NYSE:G). Goldman Sachs Grp Inc holds 0.01% of its portfolio in Genpact Limited (NYSE:G) for 833,567 shares.

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 1.05 million 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 Sunday, March 3 by Cantor Fitzgerald. On Thursday, August 8 the stock rating was maintained by Deutsche Bank with “Hold”. The firm has “Overweight” rating by Cantor Fitzgerald given on Thursday, August 8.

More notable recent Genpact Limited (NYSE:G) news were published by: Finance.Yahoo.com which released: “Genpact Limited (NYSE:G): Will The Growth Last? – Yahoo Finance” on May 04, 2019, also Globenewswire.com with their article: “CorMedix Inc. Announces Exchange Agreement With Its Largest Investor – GlobeNewswire” published on August 14, 2019, Finance.Yahoo.com published: “Genpact Limited (NYSE:G) Insiders Have Been Selling – Yahoo Finance” on June 30, 2019. More interesting news about Genpact Limited (NYSE:G) were released by: Streetinsider.com and their article: “Genpact Limited (G) Tops Q2 EPS by 3c – StreetInsider.com” published on August 07, 2019 as well as Finance.Yahoo.com‘s news article titled: “A Close Look At Genpact Limited’s (NYSE:G) 13% ROCE – Yahoo Finance” with publication date: August 05, 2019.

Genpact Limited (NYSE:G) Ratings Chart

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