GreenPower Motor Company Inc. (NASDAQ:GP) Short Interest Up 151.9% in July

GreenPower Motor Company Inc. (NASDAQ:GP) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 173,039 shares, an increase of 151.9% from the June 30th total of 68,704 shares. Currently, 4.8% of the company’s stock are short sold. Based on an average trading volume of 269,614 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of GreenPower Motor

An institutional investor recently bought a new stake in GreenPower Motor stock. DRW Securities LLC purchased a new position in shares of GreenPower Motor Company Inc. (NASDAQ:GP) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 55,189 shares of the company’s stock, valued at approximately $43,000. DRW Securities LLC owned about 1.79% of GreenPower Motor at the end of the most recent reporting period. 1.69% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on GP. Wall Street Zen raised GreenPower Motor to a “hold” rating in a research note on Saturday, July 18th. BTIG Research reaffirmed a “neutral” rating on shares of GreenPower Motor in a research report on Friday, April 10th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of GreenPower Motor in a research note on Friday, July 17th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, GreenPower Motor currently has an average rating of “Reduce”.

GreenPower Motor Trading Down 0.7%

Shares of NASDAQ:GP opened at $1.48 on Thursday. GreenPower Motor has a 52 week low of $0.74 and a 52 week high of $6.42. The company’s 50 day moving average is $1.33 and its two-hundred day moving average is $1.15. The company has a market cap of $7.44 million, a PE ratio of -0.89 and a beta of 1.69.

GreenPower Motor (NASDAQ:GP) last announced its quarterly earnings data on Wednesday, July 8th. The company reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.20) by $1.09. The firm had revenue of $3.85 million during the quarter, compared to analyst estimates of $9.61 million.

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.