GreenPower Motor Company Inc. (NASDAQ:GP) Sees Large Decline in Short Interest

GreenPower Motor Company Inc. (NASDAQ:GP) was the target of a significant decline in short interest in March. As of March 13th, there was short interest totaling 91,519 shares, a decline of 16.7% from the February 26th total of 109,866 shares. Based on an average daily volume of 16,587 shares, the days-to-cover ratio is currently 5.5 days. Approximately 3.8% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of GreenPower Motor in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Trading of GreenPower Motor

A hedge fund recently bought a new stake in GreenPower Motor stock. DRW Securities LLC acquired a new stake in GreenPower Motor Company Inc. (NASDAQ:GP) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 55,189 shares of the company’s stock, valued at approximately $43,000. DRW Securities LLC owned 1.79% of GreenPower Motor as of its most recent SEC filing. Institutional investors and hedge funds own 1.69% of the company’s stock.

GreenPower Motor Price Performance

GreenPower Motor stock opened at $1.02 on Monday. GreenPower Motor has a 12-month low of $0.74 and a 12-month high of $6.42. The stock has a market capitalization of $5.13 million, a PE ratio of -0.40 and a beta of 1.83. The firm has a 50 day simple moving average of $1.07 and a 200-day simple moving average of $1.64.

GreenPower Motor (NASDAQ:GP) last announced its earnings results on Thursday, February 12th. The company reported $1.32 EPS for the quarter, topping the consensus estimate of ($1.40) by $2.72. The firm had revenue of $8.50 million for the quarter, compared to the consensus estimate of $8.99 million. On average, analysts forecast that GreenPower Motor will post -0.71 earnings per share for the current fiscal year.

About GreenPower Motor

GreenPower Motor Company Inc (NASDAQ: GP) is a designer, manufacturer and distributor of zero-emission electric vehicles, with a focus on heavy-duty transit buses, school buses, shuttles and medium-duty trucks. The company develops its vehicles on proprietary electric platforms, integrating battery and drivetrain technology to deliver fully battery-powered solutions for public transit agencies, school districts and commercial fleet operators.

GreenPower’s product lineup includes full-sized electric transit buses available in various lengths and configurations, purpose-built electric school buses designed to meet safety standards and reduce operating costs, and medium-duty electric delivery vehicles tailored for last-mile logistics.