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

GreenPower Motor Company Inc. (NASDAQ:GP) saw a significant decrease in short interest in May. As of May 29th, there was short interest totaling 52,419 shares, a decrease of 64.0% from the May 14th total of 145,787 shares. Based on an average daily volume of 149,424 shares, the short-interest ratio is currently 0.4 days. Approximately 1.4% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on GP shares. Weiss Ratings reissued a “sell (e+)” rating on shares of GreenPower Motor in a research note on Tuesday, April 21st. BTIG Research reiterated a “neutral” rating on shares of GreenPower Motor in a research note on Friday, April 10th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce”.

GreenPower Motor Stock Performance

NASDAQ:GP traded down $0.02 during mid-day trading on Friday, reaching $1.20. 454,233 shares of the company’s stock were exchanged, compared to its average volume of 153,216. GreenPower Motor has a one year low of $0.74 and a one year high of $6.42. The firm has a market capitalization of $6.04 million, a PE ratio of -0.47 and a beta of 1.82. The business’s fifty day simple moving average is $1.05 and its two-hundred day simple moving average is $1.02.

Institutional Investors Weigh In On GreenPower Motor

A hedge fund recently bought a new stake in GreenPower Motor stock. DRW Securities LLC bought a new position in shares of GreenPower Motor Company Inc. (NASDAQ:GP) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 55,189 shares of the company’s stock, valued at approximately $43,000. DRW Securities LLC owned 1.79% of GreenPower Motor at the end of the most recent reporting period. 1.69% of the stock is currently owned by institutional investors.

GreenPower Motor Company Profile

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.