GreenPower Motor Company Inc. (NASDAQ:GP) Short Interest Up 64.4% in February

GreenPower Motor Company Inc. (NASDAQ:GP) was the target of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 438,700 shares, a growth of 64.4% from the February 13th total of 266,900 shares. Based on an average trading volume of 164,100 shares, the days-to-cover ratio is presently 2.7 days. Approximately 2.3% of the shares of the company are sold short.

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 the company in its most recent filing with the SEC. The firm acquired 25,092 shares of the company’s stock, valued at approximately $34,000. Virtu Financial LLC owned approximately 0.09% of GreenPower Motor at the end of the most recent quarter. Hedge funds and other institutional investors own 1.69% of the company’s stock.

GreenPower Motor Stock Performance

Shares of GP stock traded up $0.05 during trading hours on Friday, hitting $0.56. The stock had a trading volume of 52,578 shares, compared to its average volume of 149,231. The firm has a market capitalization of $16.43 million, a PE ratio of -0.67 and a beta of 3.23. GreenPower Motor has a twelve month low of $0.45 and a twelve month high of $2.11. The stock’s 50 day moving average is $0.72 and its 200 day moving average is $0.93. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.68 and a quick ratio of 0.06.

GreenPower Motor (NASDAQ:GP) last issued its quarterly earnings results on Friday, February 14th. The company reported ($0.17) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.02. GreenPower Motor had a negative return on equity of 432.35% and a negative net margin of 103.90%. The firm had revenue of $7.22 million during the quarter, compared to the consensus estimate of $6.11 million. As a group, research analysts forecast that GreenPower Motor will post -0.71 earnings per share for the current fiscal year.

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.