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

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

Insider Buying and Selling

In other news, SVP Hui (Helen) Xu sold 2,500 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was 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 of the company’s stock, valued at approximately $795,774. The trade was a 11.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Thomas Stocker sold 1,295 shares of the firm’s stock in a transaction that occurred on 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 approximately $576,490.74. The trade was a 8.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.91% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Gentherm

Several hedge funds and other institutional investors have recently made changes to their positions in THRM. Disciplined Growth Investors Inc. MN boosted its holdings in shares of Gentherm by 2.0% in the third quarter. Disciplined Growth Investors Inc. MN now owns 1,169,671 shares of the auto parts company’s stock worth $54,448,000 after buying an additional 23,051 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Gentherm by 3.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,146,375 shares of the auto parts company’s stock worth $56,539,000 after acquiring an additional 37,365 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Gentherm by 1.1% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 951,798 shares of the auto parts company’s stock valued at $46,943,000 after acquiring an additional 10,402 shares during the period. Global Alpha Capital Management Ltd. increased its stake in shares of Gentherm by 22.6% in 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 in the last quarter. Finally, FMR LLC raised its holdings in Gentherm by 26.8% in the 3rd quarter. FMR LLC now owns 507,598 shares of the auto parts company’s stock worth $23,629,000 after purchasing an additional 107,322 shares during the period. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Gentherm Stock Performance

Shares of NASDAQ:THRM traded up $0.28 during midday trading on Thursday, reaching $39.56. 114,332 shares of the company’s stock traded hands, compared to its average volume of 165,849. Gentherm has a one year low of $37.94 and a one year high of $62.93. The stock has a 50 day moving average of $41.12 and a 200 day moving average of $45.26. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 18.49 and a beta of 1.42. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.38 and a current ratio of 2.02.

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

Wall Street Analyst Weigh In

THRM has been the subject of several analyst reports. Robert W. Baird dropped their price target on shares of Gentherm from $54.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. StockNews.com lowered shares of Gentherm from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. upgraded Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 price target on the stock in a report on Monday, October 21st. Finally, Craig Hallum dropped their price objective on Gentherm from $85.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, October 31st.

About Gentherm

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.