Gentex Corporation (NASDAQ:GNTX), According to the latest information the short interest in Gentex Corporation shot up by 0.6% or 132,626 shares. The final shorts are 8.2% of the total floated shares. The positions increased from 23,048,278 shares on May 31,2016 to 23,180,904 on June 15,2016. According to the per-day average trading of 1,649,947 shares, the days to cover are 14. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Gentex Corporation (NASDAQ:GNTX): The stock opened at $15.69 on Friday but the bulls could not build on the opening and the stock topped out at $15.70 for the day. The stock traded down to $15.36 during the day, due to lack of any buying support eventually closed down at $15.42 with a loss of -5.34% for the day. The stock had closed at $16.29 on the previous day. The total traded volume was 4,958,955 shares.
The company shares have dropped -6.15% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $16.97 and the one year low was seen on Jan 28, 2016. The 50-Day Moving Average price is $16.10 and the 200 Day Moving Average price is recorded at $15.33.
Gentex Corporation (NASDAQ:GNTX) has tumbled 2.71% during the past week and has dropped 6.15% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 1.1%. Gentex Corporation (NASDAQ:GNTX) has underperformed the index by 3.31% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
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.