Gentherm Inc (NASDAQ:THRM) Short Interest Update

Gentherm Inc (NASDAQ:THRM) saw a significant growth in short interest in June. As of June 15th, there was short interest totalling 2,433,300 shares, a growth of 8.6% from the May 15th total of 2,239,800 shares. Approximately 7.1% of the company’s stock are short sold. Based on an average trading volume of 180,600 shares, the short-interest ratio is currently 13.5 days.

A number of equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Hallmark Financial Services from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Friday. BidaskClub raised shares of Westport Fuel Systems from a “hold” rating to a “buy” rating in a report on Friday, July 12th. Finally, ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $44.75.

In related news, insider Frithjof Oldorff sold 10,230 shares of Gentherm stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $38.79, for a total value of $396,821.70. Following the completion of the transaction, the insider now directly owns 36,218 shares in the company, valued at $1,404,896.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Kenneth John Phillips sold 11,222 shares of Gentherm stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $41.78, for a total value of $468,855.16. Following the completion of the transaction, the vice president now owns 18,455 shares of the company’s stock, valued at $771,049.90. The disclosure for this sale can be found here. Insiders have sold 26,374 shares of company stock valued at $1,070,344 over the last 90 days. Insiders own 1.50% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. NumerixS Investment Technologies Inc increased its holdings in shares of Gentherm by 200.0% during the 1st quarter. NumerixS Investment Technologies Inc now owns 4,200 shares of the auto parts company’s stock worth $156,000 after purchasing an additional 2,800 shares during the period. William Blair Investment Management LLC lifted its position in shares of Gentherm by 4.2% during the first quarter. William Blair Investment Management LLC now owns 338,867 shares of the auto parts company’s stock worth $12,491,000 after purchasing an additional 13,550 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of Gentherm by 44.3% during the first quarter. New York State Common Retirement Fund now owns 52,100 shares of the auto parts company’s stock worth $1,920,000 after purchasing an additional 16,000 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Gentherm by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,614,527 shares of the auto parts company’s stock valued at $64,548,000 after buying an additional 31,233 shares during the period. Finally, Advisor Group Inc. lifted its holdings in Gentherm by 70.1% in the fourth quarter. Advisor Group Inc. now owns 1,354 shares of the auto parts company’s stock valued at $54,000 after buying an additional 558 shares during the period.

NASDAQ:THRM traded up $0.25 during midday trading on Friday, hitting $39.04. 150,607 shares of the stock were exchanged, compared to its average volume of 224,136. Gentherm has a one year low of $36.16 and a one year high of $50.30. The company has a market cap of $1.31 billion, a P/E ratio of 18.42 and a beta of 1.34. The company’s 50-day moving average price is $39.94. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.42 and a quick ratio of 1.74.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Tuesday, April 30th. The auto parts company reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.12. Gentherm had a net margin of 3.61% and a return on equity of 14.71%. The firm had revenue of $257.92 million for the quarter, compared to analyst estimates of $250.39 million. During the same quarter in the previous year, the business posted $0.52 earnings per share. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. As a group, analysts forecast that Gentherm will post 2.14 earnings per share for the current fiscal year.

Gentherm Company Profile

Gentherm, Inc engages in the design, development, manufacture, and marketing of heating, cooling, and ventilating devices. It operates through the following business segments: Automotive and Industrial.. The Automotive segment designs, develops, produces, and sells automotive seat comfort systems, specialized automotive cable systems, and automotive and non-automotive thermal convenience products.

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