Short Interest in GreenPower Motor Company Inc. (NASDAQ:GP) Grows By 322.9%

GreenPower Motor Company Inc. (NASDAQ:GP) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totaling 391,663 shares, an increase of 322.9% from the December 31st total of 92,623 shares. Based on an average daily volume of 8,052,819 shares, the short-interest ratio is presently 0.0 days. Currently, 17.7% of the shares of the company are short sold. Currently, 17.7% of the shares of the company are short sold. Based on an average daily volume of 8,052,819 shares, the short-interest ratio is presently 0.0 days.

GreenPower Motor Stock Down 7.2%

GreenPower Motor stock opened at $0.89 on Wednesday. The stock has a market cap of $2.74 million, a PE ratio of -0.16 and a beta of 1.85. GreenPower Motor has a 12-month low of $0.74 and a 12-month high of $8.40. The business’s 50-day moving average price is $0.97 and its two-hundred day moving average price is $2.43.

GreenPower Motor (NASDAQ:GP) last announced its quarterly earnings results 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 the consensus estimate of $8.57 million. As a group, analysts expect that GreenPower Motor will post -0.71 earnings per share for the current year.

Institutional Investors Weigh In On GreenPower Motor

An institutional investor recently raised its position in GreenPower Motor stock. Axxcess Wealth Management LLC raised its position in GreenPower Motor Company Inc. (NASDAQ:GP) by 10.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,100,000 shares of the company’s stock after purchasing an additional 100,000 shares during the quarter. Axxcess Wealth Management LLC owned 3.67% of GreenPower Motor worth $440,000 as of its most recent SEC filing. 1.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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