Short Interest Update on Gentex Corporation (GNTX)

Gentex Corporation (GNTX) : The bears are holding on to their shorts in Accenture Plc with 15 more days remaining for them to cover their positions. The bearish positions have increased from 25,385,072 on Jul 29, 2016, to 27,312,497, on August 15, 2016. Daily, 1,866,516 shares are traded, which shows the high interest of the traders in the stock. The net addition of short open interest is 1,927,425 shares, which is an increase of just 7.6%. The total short interest of 9.7% of the float indicates that there arent many bears on this stock at the current prices. The short interest information was released on Wednesday Aug 24th after the market close.

Gentex Corporation (NASDAQ:GNTX): The stock opened at $18.00 on Wednesday but the bulls could not build on the opening and the stock topped out at $18.01 for the day. The stock traded down to $17.82 during the day, due to lack of any buying support eventually closed down at $17.91 with a loss of -0.44% for the day. The stock had closed at $17.99 on the previous day. The total traded volume was 1,682,436 shares.


In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the (General Counsel) of Gentex Corp, Ryan Scott P had sold 5,132 shares worth of $90,734 in a transaction dated July 26, 2016. In this transaction, 5,132 shares were sold at $17.68 per share.

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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