Gentherm Incorporated Short-Term Interest Update (NASDAQ: THRM)

Gentherm Incorporated (NASDAQ: THRM) benefited from strong growth in short-term interest in November. As of November 30, there was short interest totaling 721,400 shares, an increase of 25.4% from the total of 575,200 shares on November 15. Currently, 2.2% of the company’s shares are sold short. Based on an average daily volume of 202,500 shares, the short-term interest rate is currently 3.6 days.

In other Gentherm news, CEO Phillip Eyler sold 2,000 shares of the company in a trade that took place on Wednesday, December 8. The stock was sold for an average price of $ 84.99, for a total trade of $ 169,980.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible through this link. Insiders own 0.82% of the company’s shares.

A number of institutional investors have recently bought and sold shares of THRM. Lord Abbett & CO. LLC increased its position in Gentherm shares by 230.7% during the third quarter. Lord Abbett & CO. LLC now owns 707,071 shares of the auto parts company valued at $ 57,223,000 after acquiring an additional 493,232 shares during the last quarter. Trigran Investments Inc. increased its position in Gentherm shares by 37.8% during the second quarter. Trigran Investments Inc. now owns 1,224,610 shares of the auto parts company valued at $ 87,009,000 after acquiring an additional 335,895 shares during the last quarter. Nordea Investment Management AB increased its position in Gentherm shares by 97.9% during the third quarter. Nordea Investment Management AB now owns 251,122 shares of the auto parts company valued at $ 20,684,000 after acquiring an additional 124,238 shares in the last quarter. CastleArk Alternatives LLC purchased a new equity interest in Gentherm during the third quarter valued at $ 8,711,000. Finally, Morgan Stanley increased its position in Gentherm shares by 55.0% during the second quarter. Morgan Stanley now owns 229,640 shares of the auto parts company valued at $ 16,316,000 after acquiring an additional 81,458 shares in the last quarter. Institutional investors and hedge funds hold 96.70% of the company’s shares.

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A number of analysts have commented on THRM’s shares. Roth Capital lowered its price target on Gentherm from $ 92.00 to $ 85 and established a “buy” rating for the company in a report released Thursday, October 28. Robert W. Baird picked up the cover of Gentherm in a research note on Tuesday, September 21. They issued an “outperformance” rating and a target price of $ 94.00 for the stock. Zacks Investment Research downgraded Gentherm from a “hold” rating to a “sell” rating in a research note on Thursday, October 7. Seaport Global Securities assumed coverage of Gentherm in a research note on Wednesday, October 27. They issued a “buy” rating and a target price of $ 105 for the stock. Finally, Seaport Research Partners picked up the Gentherm coverage in a research note on Wednesday, October 27. They issued a “buy” rating and a target price of $ 105 for the stock. Three research analysts rated the stock with a sell rating and six gave the company a buy rating. Based on data from, Gentherm currently has a consensus rating of “Hold” and an average price target of $ 93.14.

Gentherm stock opened at $ 77.53 on Friday. Gentherm has a 12 month low of $ 60.89 and a 12 month high of $ 89.59. The company has a current ratio of 2.66, a quick ratio of 1.95, and a debt ratio of 0.06. The company’s 50-day simple moving average is $ 84.30 and its 200-day simple moving average is $ 79.94. The company has a market cap of $ 2.58 billion, a price-to-earnings ratio of 24.08 and a beta of 1.32.

Gentherm (NASDAQ: THRM) last released its quarterly earnings data on Thursday, October 28. The auto parts company reported EPS of $ 0.51 for the quarter, missing the consensus estimate of $ 0.65 of ($ 0.14). Gentherm had a net margin of 9.88% and a return on equity of 19.02%. The company posted revenue of $ 243.38 million in the quarter, compared to $ 250.73 million expected by analysts. In the same quarter of the previous year, the company posted EPS of $ 0.91. Gentherm’s revenue for the quarter was down 6.2% year-on-year. As a group, equity research analysts expect Gentherm to post earnings per share of 2.73 for the current fiscal year.

About Gentherm

Gentherm, Inc is engaged in the design, development, manufacture and marketing of heating, cooling and ventilation equipment. It operates through the following business sectors: Automotive and Medical. The Automotive segment designs, develops, produces and sells automotive seat comfort systems, specialty automotive cable systems, and automotive and non-automotive thermal convenience products.

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