Sharp decrease in GTX’s short interest leads to decline in days-to-cover ratio

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Garrett Motion Inc shares valued at $3,330,990 were sold by CYRUS CAPITAL PARTNERS, L.P. on Jul 07 ’25. At $11.10 per share, CYRUS CAPITAL PARTNERS, L.P. sold 300,000 shares. The insider’s holdings dropped to 23,133,686 shares worth approximately $261.64 million following the completion of this transaction.

Also, CYRUS CAPITAL PARTNERS, L.P. sold 51,865 shares, netting a total of over 570,671 in proceeds. Following the sale of shares at $11.00 each, the insider now holds 23,653,333 shares.

Before that, CYRUS CAPITAL PARTNERS, L.P. had sold 1,196,526 shares from its account. In a trade valued at $12,514,106, the 10% Owner traded Garrett Motion Inc shares for $10.46 each. Upon closing the transaction, the insider’s holdings decreased to 1,196,526 shares, worth approximately $268.11 million.

As published in their initiating research note from BWS Financial on June 03, 2021, Garrett Motion Inc [GTX] has been a Buy and the price target has been revised to $15.

Analyzing GTX Stock Performance

On last trading session,, Garrett Motion Inc [NASDAQ: GTX] rose 2.45% to $11.31. The stock’s lowest price that day was $11.07, but it reached a high of $11.32 in the same session. During the last five days, there has been a surge of approximately 5.50%. Over the course of the year, Garrett Motion Inc shares have jumped approximately 33.53%. Shares of the company reached a 52-week high of $12.09 on 05/15/25 and a 52-week low of $7.01 on 04/04/25.

Support And Resistance Levels for Garrett Motion Inc (GTX)

According to the 24-hour chart, there is a support level at 11.15, which, if violated, would cause prices to drop to 10.98. In the upper region, resistance lies at 11.40. The next price resistance is at 11.48. RSI (Relative Strength Index) is 65.26 on the 14-day chart, showing neutral technical sentiment.

Is Garrett Motion Inc subject to short interest?

Stocks of Garrett Motion Inc saw a sharp steep in short interest on 2025-06-13 dropping by -0.4 million shares to 5.57 million. Data from Yahoo Finance shows that the short interest on 2025-05-15 was 5.97 million shares. A decline of -7.21% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.34 of the overall float, the days-to-cover ratio (short ratio) decline to 2.34.

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