Short Interest in GreenPower Motor Company Inc. (NASDAQ:GP) Declines By 16.6%

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

Institutional Trading of GreenPower Motor

A hedge fund recently bought a new stake in GreenPower Motor stock. DRW Securities LLC acquired a new stake in shares of GreenPower Motor Company Inc. (NASDAQ:GP) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 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 hedge funds and other institutional investors.

GreenPower Motor Stock Performance

NASDAQ:GP opened at $1.12 on Wednesday. The firm’s 50-day moving average is $1.07 and its 200-day moving average is $1.77. GreenPower Motor has a 52-week low of $0.74 and a 52-week high of $6.44. The company has a market cap of $3.77 million, a price-to-earnings ratio of -0.43 and a beta of 1.83.

GreenPower Motor (NASDAQ:GP) last released its earnings results on Thursday, February 12th. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate of ($1.40) by $2.72. The company had revenue of $8.50 million during the quarter, compared to the consensus estimate of $8.99 million. Equities analysts predict that GreenPower Motor will post -0.71 EPS for the current year.

Analysts Set New Price Targets

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