Garrett Motion (GTXMQ) Short Interest Ratio & Short Volume

Short interest is the volume of Garrett Motion shares that have been sold short but have not yet been closed out or covered. As of April 30th, traders have sold 48,200 shares of GTXMQ short. Learn More on Garrett Motion's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. GTXMQ shares currently have a short interest ratio of 1.0. Learn More on Garrett Motion's short interest ratio.

Garrett Motion saw a drop in short interest during the month of April. As of April 30th, there was short interest totaling 48,200 shares, a drop of 61.6% from the previous total of 125,600 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies in the sector of "auto/tires/trucks" compare to Garrett Motion: Canoo Inc. (11.16%), Garrett Motion Inc. (3.02%), Adient (6.94%), Lotus Technology Inc. Sponsored ADR (0.07%), EVgo Inc. (24.75%), Blue Bird Corporation (15.74%), Aeva Technologies, Inc. (11.80%), LiveWire Group, Inc. (24.58%), Fox Factory Holding Corp. (3.81%), Custom Truck One Source, Inc. (8.37%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Aon plc ($6.19 billion), Charter Communications, Inc. ($5.76 billion), Analog Devices, Inc. ($5.70 billion), S&P Global Inc. ($5.03 billion), Airbnb, Inc. ($4.01 billion), Snap Inc. ($3.54 billion), Nuance Communications, Inc. ($2.72 billion), Expedia Group, Inc. ($2.31 billion), The Kroger Co. ($2.25 billion), and GameStop Corp. ($2.05 billion). View all of the most shorted stocks.

Short selling GTXMQ is an investing strategy that aims to generate trading profit from Garrett Motion as its price is falling. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Garrett Motion occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of GTXMQ, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including GTXMQ, twice per month. The most recent reporting period available is April, 30 2021.