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

Gentherm Incorporated (NASDAQ:THRM) saw a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 819,200 shares, a decline of 30.0% from the February 13th total of 1,170,000 shares. Currently, 2.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 243,300 shares, the days-to-cover ratio is presently 3.4 days.

Gentherm Stock Performance

Shares of THRM stock opened at $30.39 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.38 and a current ratio of 2.01. Gentherm has a fifty-two week low of $29.75 and a fifty-two week high of $57.96. The company has a market capitalization of $935.68 million, a P/E ratio of 14.68 and a beta of 1.45. The stock has a 50 day moving average price of $36.18 and a two-hundred day moving average price 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 (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.39). Gentherm had a net margin of 4.46% and a return on equity of 11.43%. The business had revenue of $352.91 million for the quarter, compared to analysts’ expectations of $360.29 million. During the same period last year, the firm posted $0.90 earnings per share. Gentherm’s quarterly revenue was down 3.8% on a year-over-year basis. Analysts expect that Gentherm will post 3.1 earnings per share for the current year.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Gentherm

Several hedge funds and other institutional investors have recently added to or reduced their stakes in THRM. Vanguard Group Inc. boosted its holdings in Gentherm by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 3,667,551 shares of the auto parts company’s stock worth $146,427,000 after acquiring an additional 74,758 shares in the last quarter. Trigran Investments Inc. boosted its holdings in Gentherm by 7.3% in the fourth quarter. Trigran Investments Inc. now owns 1,990,938 shares of the auto parts company’s stock worth $79,488,000 after acquiring an additional 135,458 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Gentherm by 5.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,217,681 shares of the auto parts company’s stock worth $48,616,000 after acquiring an additional 62,562 shares in the last quarter. Disciplined Growth Investors Inc. MN boosted its holdings in 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 acquiring an additional 23,051 shares in the last quarter. Finally, Global Alpha Capital Management Ltd. boosted its holdings in Gentherm by 23.8% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 782,983 shares of the auto parts company’s stock worth $31,261,000 after acquiring an additional 150,310 shares in the last quarter. 97.13% of the stock is owned by hedge funds and other institutional investors.

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.