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

GreenPower Motor Company Inc. (NASDAQ:GP) was the recipient of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 145,787 shares, a drop of 40.5% from the April 30th total of 244,992 shares. Approximately 4.0% of the company’s shares are short sold. Based on an average daily volume of 219,588 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On GreenPower Motor

A hedge fund recently bought a new stake in GreenPower Motor stock. DRW Securities LLC bought a new stake in GreenPower Motor Company Inc. (NASDAQ:GP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 55,189 shares of the company’s stock, valued at approximately $43,000. DRW Securities LLC owned approximately 1.79% of GreenPower Motor as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 1.69% of the company’s stock.

GreenPower Motor Price Performance

NASDAQ:GP opened at $1.16 on Tuesday. GreenPower Motor has a fifty-two week low of $0.74 and a fifty-two week high of $6.42. The stock has a market capitalization of $5.83 million, a PE ratio of -0.45 and a beta of 1.81. The business’s 50-day simple moving average is $1.03 and its 200-day simple moving average is $1.04.

Analyst Ratings Changes

A number of analysts recently commented on GP shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of GreenPower Motor in a research report on Tuesday, April 21st. BTIG Research restated a “neutral” rating on shares of GreenPower Motor in a research report on Friday, April 10th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus 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.