Short Interest in GreenPower Motor Company Inc. (NASDAQ:GP) Increases By 155.0%

GreenPower Motor Company Inc. (NASDAQ:GP) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 133,663 shares, an increase of 155.0% from the May 31st total of 52,419 shares. Based on an average daily volume of 208,744 shares, the days-to-cover ratio is currently 0.6 days. Approximately 3.7% of the company’s stock are sold short.

GreenPower Motor Stock Performance

Shares of NASDAQ GP opened at $1.27 on Monday. The business’s 50-day simple moving average is $1.11 and its 200-day simple moving average is $1.04. GreenPower Motor has a 52 week low of $0.74 and a 52 week high of $6.42. The firm has a market cap of $6.39 million, a price-to-earnings ratio of -0.50 and a beta of 1.81.

Hedge Funds Weigh In On GreenPower Motor

An institutional investor recently bought a new stake in GreenPower Motor stock. DRW Securities LLC acquired a new position in GreenPower Motor Company Inc. (NASDAQ:GP) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 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 quarter. 1.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of GreenPower Motor in a report on Tuesday, April 21st. BTIG Research reiterated a “neutral” rating on shares of GreenPower Motor in a report on Friday, April 10th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, GreenPower Motor presently has an average 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.