GreenPower Motor Company Inc. (NASDAQ:GP) Short Interest Up 322.9% in January

GreenPower Motor Company Inc. (NASDAQ:GP) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 391,663 shares, a growth of 322.9% from the December 31st total of 92,623 shares. Approximately 17.7% of the company’s shares are sold short. Based on an average daily volume of 8,052,819 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 8,052,819 shares, the days-to-cover ratio is currently 0.0 days. Approximately 17.7% of the company’s shares are sold short.

Hedge Funds Weigh In On GreenPower Motor

An institutional investor recently raised its position in GreenPower Motor stock. Axxcess Wealth Management LLC lifted its stake in shares of GreenPower Motor Company Inc. (NASDAQ:GP) by 10.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,100,000 shares of the company’s stock after acquiring an additional 100,000 shares during the quarter. Axxcess Wealth Management LLC owned 3.67% of GreenPower Motor worth $440,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 1.69% of the company’s stock.

GreenPower Motor Price Performance

Shares of GP stock traded up $0.01 on Thursday, hitting $0.92. The stock had a trading volume of 50,056 shares, compared to its average volume of 4,367,470. The company’s 50 day moving average price is $0.96 and its 200-day moving average price is $2.41. GreenPower Motor has a 1 year low of $0.74 and a 1 year high of $8.40. The firm has a market capitalization of $2.82 million, a P/E ratio of -0.16 and a beta of 1.85.

GreenPower Motor (NASDAQ:GP) last released its earnings results on Tuesday, November 11th. The company reported ($1.18) earnings per share 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 analyst estimates of $8.57 million. On average, equities analysts forecast that GreenPower Motor will post -0.71 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated 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 MarketBeat.com, the company currently has an average rating of “Sell”.

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.