Gentherm Incorporated (NASDAQ:THRM) Short Interest Update

Gentherm Incorporated (NASDAQ:THRM - Get Free Report) was the recipient of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 819,200 shares, a drop of 30.0% from the February 13th total of 1,170,000 shares. Currently, 2.7% of the shares of the company are sold short. Based on an average trading volume of 243,300 shares, the short-interest ratio is presently 3.4 days.

Gentherm Price Performance

Shares of Gentherm stock traded down $0.07 on Thursday, hitting $30.37. 156,349 shares of the company were exchanged, compared to its average volume of 192,084. The company has a quick ratio of 1.38, a current ratio of 2.01 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average price of $35.63 and a 200 day moving average price of $40.46. The stock has a market capitalization of $935.06 million, a price-to-earnings ratio of 14.67 and a beta of 1.45. Gentherm has a 1-year low of $29.75 and a 1-year high of $57.96.

Gentherm (NASDAQ:THRM - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.68 by ($0.39). Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The company had revenue of $352.91 million for the quarter, compared to analyst estimates of $360.29 million. During the same period last year, the firm posted $0.90 EPS. The business's quarterly revenue was down 3.8% on a year-over-year basis. As a group, sell-side analysts predict that Gentherm will post 3.1 earnings per share for the current fiscal year.

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Institutional Investors Weigh In On Gentherm

Hedge funds and other institutional investors have recently bought and sold shares of the company. MQS Management LLC purchased a new stake in shares of Gentherm in the 3rd quarter valued at approximately $240,000. Oppenheimer Asset Management Inc. grew its position in Gentherm by 23.0% in the third quarter. Oppenheimer Asset Management Inc. now owns 13,451 shares of the auto parts company's stock worth $626,000 after acquiring an additional 2,516 shares during the period. Natixis Advisors LLC raised its position in Gentherm by 12.2% in the third quarter. Natixis Advisors LLC now owns 15,938 shares of the auto parts company's stock valued at $742,000 after purchasing an additional 1,729 shares during the period. Gladius Capital Management LP acquired a new position in shares of Gentherm in the 3rd quarter valued at $44,000. Finally, Global Alpha Capital Management Ltd. grew its holdings in shares of Gentherm by 22.6% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 632,673 shares of the auto parts company's stock worth $29,451,000 after purchasing an additional 116,500 shares during the period. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

THRM has been the subject of a number of analyst reports. StockNews.com downgraded Gentherm from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 26th. Robert W. Baird decreased their target price on shares of Gentherm from $44.00 to $39.00 and set a "neutral" rating for the company in a research note on Thursday, February 20th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Gentherm from $56.00 to $51.00 and set a "neutral" rating on the stock in a research report on Monday, January 27th.

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.