Short Interest in Gentherm Incorporated (NASDAQ:THRM) Grows By 44.6%

Gentherm Incorporated (NASDAQ:THRM - Get Free Report) was the target of a significant growth in short interest in February. As of February 15th, there was short interest totalling 1,170,000 shares, a growth of 44.6% from the January 31st total of 809,200 shares. Currently, 3.9% of the shares of the company are short sold. Based on an average trading volume of 234,200 shares, the short-interest ratio is presently 5.0 days.

Gentherm Stock Performance

Shares of NASDAQ:THRM traded up $0.60 during midday trading on Friday, reaching $32.66. 293,460 shares of the company traded hands, compared to its average volume of 188,451. The firm's fifty day moving average price is $37.16 and its two-hundred day moving average price is $41.74. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 15.78 and a beta of 1.45. Gentherm has a 12 month low of $30.25 and a 12 month high of $57.96. The company has a quick ratio of 1.38, a current ratio of 2.01 and a debt-to-equity ratio of 0.36.

Gentherm (NASDAQ:THRM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.39). The company had revenue of $352.91 million for the quarter, compared to analysts' expectations of $360.29 million. Gentherm had a net margin of 4.46% and a return on equity of 11.43%. The business's quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.90 EPS. On average, equities analysts expect that Gentherm will post 3.1 earnings per share for the current year.

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Insider Activity at Gentherm

In other Gentherm 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 transaction, the senior vice president now owns 13,413 shares in the company, valued at $576,490.74. The trade was a 8.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.91% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of THRM. MeadowBrook Investment Advisors LLC grew its holdings 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 worth $156,000 after acquiring an additional 260 shares during the period. Rhumbline Advisers increased its stake in shares of Gentherm by 0.3% during the fourth quarter. Rhumbline Advisers now owns 90,758 shares of the auto parts company's stock valued at $3,623,000 after purchasing an additional 277 shares in the last quarter. Comerica Bank lifted its holdings in shares of Gentherm by 1.4% during the fourth quarter. Comerica Bank now owns 21,012 shares of the auto parts company's stock valued at $839,000 after purchasing an additional 300 shares during the last quarter. Captrust Financial Advisors boosted its position in shares of Gentherm by 3.9% in the 3rd quarter. Captrust Financial Advisors now owns 8,296 shares of the auto parts company's stock worth $386,000 after purchasing an additional 314 shares in the last quarter. Finally, Signaturefd LLC grew its stake in shares of Gentherm by 233.8% in the 4th quarter. Signaturefd LLC now owns 661 shares of the auto parts company's stock worth $26,000 after buying an additional 463 shares during the last quarter. Hedge funds and other institutional investors own 97.13% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. StockNews.com cut shares of Gentherm from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. cut their price objective on Gentherm from $56.00 to $51.00 and set a "neutral" rating on the stock in a research report on Monday, January 27th. Finally, Robert W. Baird decreased their price target 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.

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.