Short Interest in GreenPower Motor Company Inc. (NASDAQ:GP) Drops By 18.9%

GreenPower Motor Company Inc. (NASDAQ:GP) saw a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 98,296 shares, a decrease of 18.9% from the November 30th total of 121,252 shares. Based on an average daily volume of 32,327 shares, the short-interest ratio is presently 3.0 days. Currently, 4.4% of the company’s shares are sold short. Currently, 4.4% of the company’s shares are sold short. Based on an average daily volume of 32,327 shares, the short-interest ratio is presently 3.0 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of GreenPower Motor in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, GreenPower Motor presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On GreenPower Motor

An institutional investor recently raised its position in GreenPower Motor stock. Axxcess Wealth Management LLC boosted 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 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,100,000 shares of the company’s stock after purchasing an additional 100,000 shares during the period. Axxcess Wealth Management LLC owned about 3.67% of GreenPower Motor worth $440,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 1.69% of the company’s stock.

GreenPower Motor Stock Performance

NASDAQ:GP traded up $0.00 during mid-day trading on Wednesday, hitting $0.78. The company had a trading volume of 32,517 shares, compared to its average volume of 30,763. The business’s fifty day moving average is $1.41 and its two-hundred day moving average is $2.83. GreenPower Motor has a fifty-two week low of $0.74 and a fifty-two week high of $10.90. The firm has a market cap of $2.40 million, a P/E ratio of -0.14 and a beta of 1.91.

GreenPower Motor (NASDAQ:GP) last issued its quarterly earnings data on Tuesday, November 11th. The company reported ($1.18) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.50) by $0.32. The firm had revenue of $2.49 million during the quarter, compared to analysts’ expectations of $8.57 million. GreenPower Motor had a negative net margin of 105.06% and a negative return on equity of 561.91%. Equities analysts forecast that GreenPower Motor will post -0.71 earnings per share for the current year.

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.