Gates Industrial

GTES

Gates Corporation, based in Denver, Colorado, is a manufacturer of power transmission belts and fluid power products, which are used in diverse industrial and automotive applications. The company employs over 14,000 and has sales and manufacturing operations in North and South America, Europe, Asia, Australia, and the Middle East.

Gates Industrial has been a target of short sellers for a while. The current short interest of 4.61% is roughly at the average of the last 12 months (3.71%).