Garrett Motion Inc. (NASDAQ:GTXAP – Get Rating) saw a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 17,200 shares, a drop of 5.5% from the January 31st total of 18,200 shares. Based on an average daily trading volume, of 56,000 shares, the days-to-cover ratio is currently 0.3 days.
Garrett Motion Trading Up 0.3 %
GTXAP stock opened at $8.97 on Monday. The firm’s fifty day moving average price is $8.93. Garrett Motion has a one year low of $6.75 and a one year high of $9.56.
Institutional Trading of Garrett Motion
Several hedge funds and other institutional investors have recently added to or reduced their stakes in GTXAP. EVR Research LP lifted its holdings in Garrett Motion by 1.2% during the third quarter. EVR Research LP now owns 304,000 shares of the company’s stock valued at $2,161,000 after purchasing an additional 3,548 shares in the last quarter. Aviance Capital Partners LLC purchased a new position in shares of Garrett Motion in the fourth quarter worth about $87,000. Penn Mutual Asset Management LLC purchased a new position in shares of Garrett Motion in the fourth quarter worth about $391,000. KCS Wealth Advisory lifted its stake in shares of Garrett Motion by 19.1% in the fourth quarter. KCS Wealth Advisory now owns 291,999 shares of the company’s stock worth $2,540,000 after buying an additional 46,924 shares in the last quarter. Finally, CSS LLC IL lifted its stake in shares of Garrett Motion by 59.4% in the fourth quarter. CSS LLC IL now owns 682,809 shares of the company’s stock worth $5,883,000 after buying an additional 254,572 shares in the last quarter.
Garrett Motion Company Profile
Garrett Motion Inc, together with its subsidiaries, designs, manufactures, and sells turbocharger and electric-boosting technologies for light and commercial vehicle original equipment manufacturers worldwide. The company offers light vehicle gasoline and diesel, and commercial vehicle turbochargers; and provides automotive software solutions.
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