GreenPower Motor Company Inc. (NASDAQ:GP) Short Interest Down 5.6% in March

GreenPower Motor Company Inc. (NASDAQ:GP) was the target of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 137,500 shares, a decline of 5.6% from the March 15th total of 145,700 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average trading volume of 48,400 shares, the short-interest ratio is presently 2.8 days.

Analyst Upgrades and Downgrades

Separately, Roth Mkm lowered their price objective on GreenPower Motor from $7.00 to $3.00 and set a “buy” rating for the company in a research note on Monday, April 1st.

Institutional Trading of GreenPower Motor

A number of institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC grew its position in shares of GreenPower Motor by 31.9% during the 3rd quarter. Renaissance Technologies LLC now owns 250,718 shares of the company’s stock worth $584,000 after buying an additional 60,618 shares during the period. Marshall Wace LLP increased its stake in GreenPower Motor by 487.6% in the third quarter. Marshall Wace LLP now owns 172,993 shares of the company’s stock valued at $403,000 after purchasing an additional 143,551 shares in the last quarter. Osaic Holdings Inc. raised its holdings in shares of GreenPower Motor by 38.0% during the second quarter. Osaic Holdings Inc. now owns 58,662 shares of the company’s stock valued at $154,000 after purchasing an additional 16,153 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of GreenPower Motor by 31.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 45,123 shares of the company’s stock worth $142,000 after purchasing an additional 10,900 shares in the last quarter. Finally, Susquehanna International Group LLP grew its stake in shares of GreenPower Motor by 121.6% in the 1st quarter. Susquehanna International Group LLP now owns 32,581 shares of the company’s stock valued at $75,000 after buying an additional 17,881 shares during the period. Institutional investors own 1.69% of the company’s stock.

GreenPower Motor Price Performance

Shares of GP opened at $1.69 on Thursday. The business has a 50-day moving average of $2.07 and a 200-day moving average of $2.66. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.86 and a quick ratio of 0.40. The company has a market capitalization of $42.23 million, a price-to-earnings ratio of -2.68 and a beta of 3.40. GreenPower Motor has a 1 year low of $1.62 and a 1 year high of $6.05.

GreenPower Motor (NASDAQ:GP) last released its quarterly earnings results on Tuesday, February 13th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.05). The firm had revenue of $8.16 million for the quarter, compared to the consensus estimate of $12.00 million. GreenPower Motor had a negative return on equity of 66.07% and a negative net margin of 31.47%. During the same quarter in the previous year, the business posted ($0.14) EPS. As a group, equities research analysts anticipate that GreenPower Motor will post -0.63 earnings per share for the current year.

About GreenPower Motor

GreenPower Motor Company Inc designs, manufactures, and distributes electric vehicles for commercial markets in the United States and Canada. The company offers commercial vehicles for delivery, public transit, schools, vanpools, micro-transit, shuttles, and other; and passenger, student, low floor transit, and cargo transportation.