Short Interest in GreenPower Motor Company Inc. (NASDAQ:GP) Decreases By 55.9%

GreenPower Motor Company Inc. (NASDAQ:GP) was the recipient of a significant drop in short interest in December. As of December 15th, there was short interest totalling 45,400 shares, a drop of 55.9% from the November 30th total of 102,900 shares. Based on an average daily volume of 249,800 shares, the short-interest ratio is presently 0.2 days.

GreenPower Motor Price Performance

Shares of NASDAQ GP traded down $0.04 during midday trading on Friday, reaching $0.76. 150,459 shares of the stock traded hands, compared to its average volume of 125,637. The company’s 50 day moving average is $0.92 and its 200 day moving average is $1.05. GreenPower Motor has a one year low of $0.70 and a one year high of $3.39. The stock has a market capitalization of $22.35 million, a PE ratio of -0.89 and a beta of 3.15. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.44 and a quick ratio of 0.06.

Analysts Set New Price Targets

Separately, R. F. Lafferty began coverage on GreenPower Motor in a research report on Wednesday, September 11th. They issued a “buy” rating and a $3.00 target price on the stock.

Hedge Funds Weigh In On GreenPower Motor

A hedge fund recently raised its stake in GreenPower Motor stock. Axxcess Wealth Management LLC grew its holdings in shares of GreenPower Motor Company Inc. (NASDAQ:GP) by 55.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 280,000 shares of the company’s stock after buying an additional 100,000 shares during the quarter. Axxcess Wealth Management LLC owned 1.06% of GreenPower Motor worth $384,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 1.69% of the company’s stock.

About GreenPower Motor

GreenPower Motor Company Inc designs, manufactures, and distributes electric vehicles for commercial markets in the United States and Canada. The company offers commercial vehicles for delivery, public transit, schools, vanpools, micro-transit, shuttles, and other; and passenger, student, low floor transit, and cargo transportation.