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

GreenPower Motor Company Inc. (NASDAQ:GP) was the target of a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 109,866 shares, a decrease of 16.6% from the February 12th total of 131,655 shares. Currently, 4.5% of the shares of the stock are sold short. Based on an average trading volume of 118,170 shares, the short-interest ratio is currently 0.9 days. Based on an average trading volume of 118,170 shares, the short-interest ratio is currently 0.9 days. Currently, 4.5% of the shares of the stock are sold short.

GreenPower Motor Stock Performance

Shares of NASDAQ GP traded up $0.02 during midday trading on Monday, hitting $1.08. 13,789 shares of the company traded hands, compared to its average volume of 1,885,224. The firm has a market cap of $3.64 million, a P/E ratio of -0.42 and a beta of 1.83. The stock has a 50-day moving average price of $1.06 and a 200 day moving average price of $1.81. GreenPower Motor has a 12-month low of $0.74 and a 12-month high of $6.44.

GreenPower Motor (NASDAQ:GP) last released its earnings results on Thursday, February 12th. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of ($1.40) by $2.72. The business had revenue of $8.50 million during the quarter, compared to analysts’ expectations of $8.99 million. As a group, equities analysts expect that GreenPower Motor will post -0.71 earnings per share for the current year.

Hedge Funds Weigh In On GreenPower Motor

An institutional investor recently bought a new position in GreenPower Motor stock. DRW Securities LLC bought a new stake in shares of GreenPower Motor Company Inc. (NASDAQ:GP) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 55,189 shares of the company’s stock, valued at approximately $43,000. DRW Securities LLC owned 1.79% of GreenPower Motor at the end of the most recent quarter. 1.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of GreenPower Motor in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

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.