Short Interest in Gentherm Incorporated (NASDAQ:THRM) Increases By 23.2%

Gentherm Incorporated (NASDAQ:THRM) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 900,700 shares, a growth of 23.2% from the December 15th total of 731,200 shares. Currently, 3.0% of the shares of the company are sold short. Based on an average daily trading volume, of 237,300 shares, the days-to-cover ratio is currently 3.8 days.

Insider Activity at Gentherm

In related news, SVP Thomas Stocker sold 1,295 shares of Gentherm stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $42.98, for a total value of $55,659.10. Following the completion of the sale, the senior vice president now owns 13,413 shares of the company’s stock, valued at approximately $576,490.74. This trade represents a 8.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Hui (Helen) Xu sold 2,500 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $42.00, for a total value of $105,000.00. Following the completion of the sale, the senior vice president now owns 18,947 shares in the company, valued at $795,774. This represents a 11.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.91% of the stock is owned by company insiders.

Hedge Funds Weigh In On Gentherm

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP lifted its holdings in shares of Gentherm by 952.9% during the 3rd quarter. Quarry LP now owns 537 shares of the auto parts company’s stock worth $25,000 after acquiring an additional 486 shares during the last quarter. Gladius Capital Management LP bought a new stake in Gentherm during the third quarter worth about $44,000. Palouse Capital Management Inc. purchased a new position in shares of Gentherm in the 2nd quarter worth about $92,000. MeadowBrook Investment Advisors LLC increased its position in shares of Gentherm by 8.4% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 3,360 shares of the auto parts company’s stock valued at $156,000 after purchasing an additional 260 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Gentherm during the 3rd quarter valued at about $207,000. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Craig Hallum lowered their target price on shares of Gentherm from $85.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. JPMorgan Chase & Co. raised Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 price objective on the stock in a report on Monday, October 21st. Robert W. Baird reduced their target price on Gentherm from $54.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Finally, StockNews.com cut Gentherm from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 7th.

Gentherm Price Performance

Shares of THRM stock traded up $0.28 on Thursday, reaching $39.56. The company’s stock had a trading volume of 114,332 shares, compared to its average volume of 165,849. Gentherm has a 12-month low of $37.94 and a 12-month high of $62.93. The stock’s 50 day simple moving average is $41.12 and its 200-day simple moving average is $45.26. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $1.23 billion, a P/E ratio of 18.49 and a beta of 1.42.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. The firm had revenue of $371.50 million during the quarter, compared to the consensus estimate of $372.89 million. Gentherm had a return on equity of 14.36% and a net margin of 4.61%. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the company posted $0.64 EPS. As a group, equities analysts predict that Gentherm will post 2.71 earnings per share for the current fiscal year.

Gentherm Company Profile

Gentherm Incorporated designs, develops, manufactures, and sells thermal management and pneumatic comfort technologies in the United States and internationally. The company operates in two segments, Automotive and Medical. The Automotive segment offers climate comfort systems, which include seat heaters, blowers, and thermoelectric devices for variable temperature climate control seats and steering wheel heaters that are designed to provide thermal comfort to automobile passengers; integrated electronic components, such as electronic control units; and other climate comfort systems, including neck and shoulder conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.