Short Interest in Gentherm Incorporated (NASDAQ:THRM) Declines By 30.0%

Gentherm Incorporated (NASDAQ:THRM) saw a large drop in short interest during 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. Approximately 2.7% of the shares of the company are short sold. Based on an average trading volume of 243,300 shares, the days-to-cover ratio is currently 3.4 days.

Institutional Trading of Gentherm

A number of large investors have recently modified their holdings of THRM. Quarry LP boosted its position in shares of Gentherm by 952.9% during the 3rd quarter. Quarry LP now owns 537 shares of the auto parts company’s stock valued at $25,000 after acquiring an additional 486 shares during the last quarter. Signaturefd LLC boosted its position in shares of Gentherm by 233.8% during the 4th quarter. Signaturefd LLC now owns 661 shares of the auto parts company’s stock valued at $26,000 after acquiring an additional 463 shares during the last quarter. Gladius Capital Management LP bought a new stake in shares of Gentherm during the 3rd quarter valued at about $44,000. KBC Group NV boosted its position in shares of Gentherm by 82.2% during the 4th quarter. KBC Group NV now owns 1,822 shares of the auto parts company’s stock valued at $73,000 after acquiring an additional 822 shares during the last quarter. Finally, Headlands Technologies LLC boosted its position in shares of Gentherm by 117.1% during the 4th quarter. Headlands Technologies LLC now owns 1,837 shares of the auto parts company’s stock valued at $73,000 after acquiring an additional 991 shares during the last quarter. Institutional investors own 97.13% of the company’s stock.

Gentherm Stock Up 0.8 %

THRM stock opened at $30.39 on Monday. 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 firm has a market capitalization of $935.68 million, a PE ratio of 14.68 and a beta of 1.45. Gentherm has a twelve month low of $29.75 and a twelve month high of $57.96. The stock has a 50-day simple moving average of $36.18 and a two-hundred day simple moving average of $40.82.

Gentherm (NASDAQ:THRM) last posted its earnings results 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). 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 firm’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.90 EPS. On average, equities analysts predict that Gentherm will post 3.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on THRM shares. JPMorgan Chase & Co. decreased their price objective on Gentherm from $56.00 to $51.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Robert W. Baird decreased their price objective on Gentherm from $44.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, February 20th. Finally, StockNews.com lowered Gentherm from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 26th.

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.