Short Interest in GreenPower Motor Company Inc. (NASDAQ:GP) Declines By 57.9%

GreenPower Motor Company Inc. (NASDAQ:GP) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 72,914 shares, a decline of 57.9% from the August 15th total of 173,392 shares. Currently, 1.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 409,331 shares, the days-to-cover ratio is presently 0.2 days.

GreenPower Motor Trading Up 0.9%

GreenPower Motor stock traded up $0.01 during trading hours on Monday, reaching $0.76. The company had a trading volume of 119,351 shares, compared to its average volume of 809,675. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.49 and a quick ratio of 0.11. The company has a 50-day moving average price of $1.40 and a 200 day moving average price of $1.21. The firm has a market cap of $5.40 million, a price-to-earnings ratio of -1.11 and a beta of 1.70. GreenPower Motor has a 12-month low of $0.74 and a 12-month high of $4.00.

GreenPower Motor (NASDAQ:GP) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.42) EPS for the quarter. The company had revenue of $0.44 million for the quarter.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on GP. Wall Street Zen upgraded shares of GreenPower Motor to a “hold” rating in a report on Saturday, July 18th. Weiss Ratings reissued a “sell (e+)” rating on shares of GreenPower Motor in a research note on Friday, July 17th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce”.

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.