GreenPower Motor Company Inc. (NASDAQ:GP) Short Interest Up 474.1% in April

GreenPower Motor Company Inc. (NASDAQ:GP) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 244,992 shares, a growth of 474.1% from the April 15th total of 42,671 shares. Approximately 6.8% of the company’s shares are short sold. Based on an average daily volume of 2,146,162 shares, the short-interest ratio is currently 0.1 days.

GreenPower Motor Price Performance

Shares of GP remained flat at $1.09 during mid-day trading on Thursday. The stock had a trading volume of 118,027 shares, compared to its average volume of 1,310,743. GreenPower Motor has a 52-week low of $0.74 and a 52-week high of $6.42. The stock has a market cap of $5.48 million, a price-to-earnings ratio of -0.43 and a beta of 1.79. The business has a 50-day simple moving average of $1.03 and a 200-day simple moving average of $1.15.

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

Wall Street Analyst Weigh In

GP has been the topic of a number of analyst reports. Weiss Ratings reaffirmed 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 report on Friday, April 10th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce”.

Institutional Investors Weigh In On GreenPower Motor

An institutional investor recently bought a new position in GreenPower Motor stock. DRW Securities LLC purchased a new stake in shares of GreenPower Motor Company Inc. (NASDAQ:GP) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 55,189 shares of the company’s stock, valued at approximately $43,000. DRW Securities LLC owned approximately 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.

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.