Short Interest in GreenPower Motor Company Inc. (NASDAQ:GP) Rises By 91.3%

GreenPower Motor Company Inc. (NASDAQ:GP) saw a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 266,900 shares, an increase of 91.3% from the January 31st total of 139,500 shares. Based on an average daily trading volume, of 162,000 shares, the short-interest ratio is currently 1.6 days.

GreenPower Motor Stock Up 1.8 %

Shares of NASDAQ:GP traded up $0.01 during mid-day trading on Friday, hitting $0.57. 202,075 shares of the company traded hands, compared to its average volume of 173,302. The stock has a market cap of $16.82 million, a P/E ratio of -0.69 and a beta of 3.18. The company has a current ratio of 1.68, a quick ratio of 0.06 and a debt-to-equity ratio of 2.99. GreenPower Motor has a 12-month low of $0.54 and a 12-month high of $2.37. The stock has a 50-day moving average price of $0.77 and a two-hundred day moving average price of $0.95.

GreenPower Motor (NASDAQ:GP) last announced its earnings results on Friday, February 14th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.02. The company had revenue of $7.22 million for the quarter, compared to analysts’ expectations of $6.11 million. GreenPower Motor had a negative return on equity of 432.35% and a negative net margin of 103.90%. On average, equities research analysts forecast that GreenPower Motor will post -0.71 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in GreenPower Motor stock. Virtu Financial LLC bought a new stake in GreenPower Motor Company Inc. (NASDAQ:GP) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 25,092 shares of the company’s stock, valued at approximately $34,000. Virtu Financial LLC owned 0.09% of GreenPower Motor at the end of the most recent reporting period. Hedge funds and other institutional investors own 1.69% of the company’s stock.

GreenPower Motor Company Profile

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.