GreenPower Motor Company Inc. (NASDAQ:GP) Short Interest Up 315.2% in January

GreenPower Motor Company Inc. (NASDAQ:GP) saw a significant growth in short interest in January. As of January 15th, there was short interest totalling 188,500 shares, a growth of 315.2% from the December 31st total of 45,400 shares. Based on an average daily volume of 259,600 shares, the short-interest ratio is presently 0.7 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in GreenPower Motor stock. Virtu Financial LLC acquired a new position in shares of GreenPower Motor Company Inc. (NASDAQ:GP) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 25,092 shares of the company’s stock, valued at approximately $34,000. Virtu Financial LLC owned about 0.09% of GreenPower Motor as of its most recent SEC filing. Institutional investors own 1.69% of the company’s stock.

GreenPower Motor Price Performance

NASDAQ:GP traded down $0.01 during trading hours on Thursday, reaching $0.79. 29,291 shares of the company traded hands, compared to its average volume of 194,066. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.44 and a quick ratio of 0.06. GreenPower Motor has a 1-year low of $0.70 and a 1-year high of $2.93. The firm’s 50-day moving average is $0.84 and its 200-day moving average is $1.00. The stock has a market cap of $20.93 million, a P/E ratio of -0.93 and a beta of 3.18.

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.