GreenPower Motor Company Inc. (NASDAQ:GP) Sees Significant Increase in Short Interest

GreenPower Motor Company Inc. (NASDAQ:GP) saw a significant growth in short interest in 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. 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 shares of the company are sold short. Approximately 17.7% of the shares of the company are sold short. Based on an average daily volume of 8,052,819 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of GreenPower Motor in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, GreenPower Motor currently has an average rating of “Sell”.

GreenPower Motor Trading Up 1.6%

Shares of NASDAQ:GP traded up $0.02 on Friday, reaching $0.95. The company had a trading volume of 31,969 shares, compared to its average volume of 4,150,803. The firm has a market capitalization of $2.91 million, a PE ratio of -0.17 and a beta of 1.85. GreenPower Motor has a 52-week low of $0.74 and a 52-week high of $8.40. The firm’s 50 day simple moving average is $0.95 and its 200-day simple moving average is $2.39.

GreenPower Motor (NASDAQ:GP) last posted its quarterly earnings data on Tuesday, November 11th. The company reported ($1.18) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.50) by $0.32. The company had revenue of $2.49 million for the quarter, compared to analyst estimates of $8.57 million. As a group, equities research analysts predict that GreenPower Motor will post -0.71 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in GreenPower Motor stock. Axxcess Wealth Management LLC increased its position in shares of GreenPower Motor Company Inc. (NASDAQ:GP) by 10.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,100,000 shares of the company’s stock after buying an additional 100,000 shares during the period. Axxcess Wealth Management LLC owned about 3.67% of GreenPower Motor worth $440,000 at the end of the most recent reporting period. 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.