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

GreenPower Motor Company Inc. (NASDAQ:GP) was the recipient of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totaling 42,671 shares, a decrease of 33.4% from the March 31st total of 64,044 shares. Based on an average daily trading volume, of 16,207 shares, the short-interest ratio is currently 2.6 days. Approximately 1.2% of the company’s stock are sold short.

GreenPower Motor Stock Down 1.0%

GP traded down $0.01 during trading on Thursday, hitting $1.00. 31,835 shares of the company traded hands, compared to its average volume of 1,190,878. The firm has a market cap of $5.03 million, a P/E ratio of -0.39 and a beta of 1.81. The stock’s fifty day moving average is $1.05 and its 200 day moving average is $1.27. GreenPower Motor has a one year low of $0.74 and a one year high of $6.42.

GreenPower Motor (NASDAQ:GP) last posted its quarterly earnings results on Thursday, February 12th. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate of ($1.40) by $2.72. The company had revenue of $8.50 million for the quarter, compared to the consensus estimate of $8.99 million.

Hedge Funds 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) in the fourth quarter, according to the company in its most recent filing with the Securities & 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 as of its most recent SEC filing. Hedge funds and other institutional investors own 1.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of GreenPower Motor in a report on Tuesday, April 21st. BTIG Research restated a “neutral” rating on shares of GreenPower Motor in a report on Friday, April 10th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

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.