Gentherm Incorporated (NASDAQ:THRM) Short Interest Up 23.2% in January

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

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Gentherm from $56.00 to $51.00 and set a "neutral" rating on the stock in a research note on Monday, January 27th. StockNews.com raised Gentherm from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Robert W. Baird reduced their target price on Gentherm from $54.00 to $50.00 and set a "neutral" rating on the stock in a research report on Thursday, October 31st. Finally, Craig Hallum lowered their price target on Gentherm from $85.00 to $65.00 and set a "buy" rating for the company in a report on Thursday, October 31st.

Gentherm Trading Up 2.6 %

Gentherm stock traded up $0.95 during midday trading on Tuesday, reaching $37.15. The stock had a trading volume of 202,882 shares, compared to its average volume of 178,499. The stock's 50-day simple moving average is $40.33 and its 200 day simple moving average is $44.35. Gentherm has a twelve month low of $35.67 and a twelve month high of $62.93. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.38 and a current ratio of 2.02. The stock has a market capitalization of $1.15 billion, a PE ratio of 17.36 and a beta of 1.42.

Insider Buying and Selling

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

Hedge Funds Weigh In On Gentherm

A number of hedge funds have recently made changes to their positions in THRM. Quarry LP raised its position in Gentherm by 952.9% in the third quarter. Quarry LP now owns 537 shares of the auto parts company's stock valued at $25,000 after purchasing an additional 486 shares during the period. Gladius Capital Management LP acquired a new position in Gentherm during the 3rd quarter worth approximately $44,000. KBC Group NV boosted its holdings in Gentherm by 82.2% in the 4th quarter. KBC Group NV now owns 1,822 shares of the auto parts company's stock worth $73,000 after acquiring an additional 822 shares during the period. Palouse Capital Management Inc. grew its position in Gentherm by 91.6% in the fourth quarter. Palouse Capital Management Inc. now owns 3,585 shares of the auto parts company's stock valued at $143,000 after acquiring an additional 1,714 shares in the last quarter. Finally, MeadowBrook Investment Advisors LLC raised its stake in shares of Gentherm by 8.4% during the third 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 period. Hedge funds and other institutional investors own 97.13% of the company's stock.

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.