Gentex Corporation (GNTX): Price Target and June Short Interest Disclosure

Gentex Corporation (GNTX) : The highest level Gentex Corporation (GNTX) is projected to reach is $21 for the short term and the lowest estimate is at $11. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $16.86 and the possibility the share price can swing is $4.18.

Gentex Corporation (GNTX) has shown a rise of 18.4% or 4,270,418 shares in the short positions. The bets have increased to 27,451,322 shares on June 30,2016 from 23,180,904 shares on June 15,2016. With respect to the floated shares, the shorts are 9.7%. The days to cover are calculated to be 11, using the standard per day volume of 2,613,701 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.


Gentex Corporation (NASDAQ:GNTX): stock turned positive on Thursday. Though the stock opened at $15.98, the bulls momentum made the stock top out at $16.4 level for the day. The stock recorded a low of $15.96 and closed the trading day at $16.08, in the green by 1.26%. The total traded volume for the day was 2,518,800. The stock had closed at $15.88 in the previous days trading.

Gentex Corporation designs and manufactures automatic-dimming rearview mirrors and electronics for the automotive industry, dimmable aircraft windows for the aviation industry, and commercial smoke alarms and signaling devices for the fire protection industry. The Companys business involves designing, developing, manufacturing and marketing interior and exterior auto-dimming automotive rearview mirrors that utilize electrochromic technology to dim in proportion to the amount of headlight glare from trailing vehicle headlamps. It also designs, develops and manufactures various electronics features that are additive to the interior and exterior automotive rearview mirrors as well as interior visors and overhead consoles. The Company ships its product to all of the automotive producing regions across the world.

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