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

GreenPower Motor Company Inc. (NASDAQ:GP) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totalling 188,500 shares, a growth of 315.2% from the December 15th total of 45,400 shares. Based on an average daily volume of 259,600 shares, the days-to-cover ratio is currently 0.7 days.

GreenPower Motor Price Performance

Shares of NASDAQ:GP traded down $0.06 during midday trading on Tuesday, hitting $0.85. The company’s stock had a trading volume of 204,213 shares, compared to its average volume of 322,552. GreenPower Motor has a 12-month low of $0.70 and a 12-month high of $2.96. The company has a market cap of $22.39 million, a P/E ratio of -0.99 and a beta of 3.18. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.06 and a current ratio of 1.44. The business’s 50 day simple moving average is $0.84 and its 200 day simple moving average is $1.03.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in GreenPower Motor stock. Axxcess Wealth Management LLC grew its position in shares of GreenPower Motor Company Inc. (NASDAQ:GP) by 55.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 280,000 shares of the company’s stock after purchasing an additional 100,000 shares during the quarter. Axxcess Wealth Management LLC owned approximately 1.06% of GreenPower Motor worth $384,000 as of its most recent filing with the SEC. 1.69% of the stock is owned by hedge funds and other institutional investors.

GreenPower Motor Company Profile

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.