GreenPower Motor Company Inc. (NASDAQ:GP) Short Interest Down 62.6% in January

GreenPower Motor Company Inc. (NASDAQ:GP) was the recipient of a significant decline in short interest in the month of January. As of January 30th, there was short interest totaling 146,339 shares, a decline of 62.6% from the January 15th total of 391,663 shares. Currently, 6.6% of the shares of the company are sold short. Based on an average daily volume of 86,084 shares, the days-to-cover ratio is currently 1.7 days. Based on an average daily volume of 86,084 shares, the days-to-cover ratio is currently 1.7 days. Currently, 6.6% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

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

GreenPower Motor Stock Up 0.8%

GP stock opened at $0.99 on Wednesday. GreenPower Motor has a 52 week low of $0.74 and a 52 week high of $7.70. The business has a 50-day simple moving average of $0.95 and a 200 day simple moving average of $2.21. The company has a market cap of $3.04 million, a PE ratio of -0.18 and a beta of 1.87.

GreenPower Motor (NASDAQ:GP) last released its earnings results on Tuesday, November 11th. The company reported ($1.18) EPS for the quarter, beating the consensus estimate of ($1.50) by $0.32. The firm had revenue of $2.49 million during the quarter, compared to the consensus estimate of $8.57 million. On average, analysts anticipate that GreenPower Motor will post -0.71 EPS for the current fiscal year.

Institutional Trading of GreenPower Motor

An institutional investor recently raised its position in GreenPower Motor stock. Axxcess Wealth Management LLC boosted its holdings in GreenPower Motor Company Inc. (NASDAQ:GP) by 10.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,100,000 shares of the company’s stock after buying an additional 100,000 shares during the quarter. Axxcess Wealth Management LLC owned approximately 3.67% of GreenPower Motor worth $440,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 1.69% of the company’s stock.

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.