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

GreenPower Motor Company Inc. (NASDAQ:GP) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 68,704 shares, a drop of 48.6% from the June 15th total of 133,663 shares. Approximately 1.9% of the shares of the company are sold short. Based on an average daily volume of 298,556 shares, the short-interest ratio is currently 0.2 days.

Analysts Set New Price Targets

GP has been the subject of several research reports. BTIG Research reaffirmed a “neutral” rating on shares of GreenPower Motor in a research report on Friday, April 10th. Weiss Ratings reissued a “sell (e+)” rating on shares of GreenPower Motor in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce”.

Institutional Inflows and Outflows

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

GreenPower Motor Price Performance

Shares of NASDAQ:GP traded up $0.17 during midday trading on Wednesday, hitting $1.62. The company had a trading volume of 392,804 shares, compared to its average volume of 978,276. GreenPower Motor has a 12-month low of $0.74 and a 12-month high of $6.42. The company has a fifty day moving average of $1.23 and a two-hundred day moving average of $1.10. The company has a market cap of $8.17 million, a price-to-earnings ratio of -0.98 and a beta of 1.69.

GreenPower Motor (NASDAQ:GP) last released its earnings results on Wednesday, July 8th. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($1.20) by $1.09. The company had revenue of $3.85 million for the quarter, compared to analysts’ expectations of $9.61 million.

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.