GreenPower Motor Company Inc. (NASDAQ:GP) Short Interest Update

GreenPower Motor Company Inc. (NASDAQ:GP) was the target of a significant drop in short interest in January. As of January 30th, there was short interest totaling 146,339 shares, a drop of 62.6% from the January 15th total of 391,663 shares. Based on an average daily trading volume, of 86,084 shares, the days-to-cover ratio is currently 1.7 days. Currently, 6.6% of the shares of the stock are sold short. Currently, 6.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 86,084 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in GreenPower Motor stock. Axxcess Wealth Management LLC raised its position in shares of GreenPower Motor Company Inc. (NASDAQ:GP) by 10.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,100,000 shares of the company’s stock after acquiring an additional 100,000 shares during the period. Axxcess Wealth Management LLC owned approximately 3.67% of GreenPower Motor worth $440,000 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 Stock Up 31.6%

Shares of NASDAQ:GP traded up $0.31 during midday trading on Friday, reaching $1.27. The company’s stock had a trading volume of 9,174,450 shares, compared to its average volume of 3,095,779. The business has a 50 day moving average price of $0.94 and a 200 day moving average price of $2.17. GreenPower Motor has a 1 year low of $0.74 and a 1 year high of $7.70. The firm has a market cap of $3.91 million, a price-to-earnings ratio of -0.23 and a beta of 1.87.

GreenPower Motor (NASDAQ:GP) last announced its quarterly earnings data on Tuesday, November 11th. The company reported ($1.18) earnings per share for the quarter, topping the consensus estimate of ($1.50) by $0.32. The company had revenue of $2.49 million for the quarter, compared to analysts’ expectations of $8.57 million. Sell-side analysts anticipate that GreenPower Motor will post -0.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.