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 in the month of January. As of January 30th, there was short interest totaling 146,339 shares, a drop of 62.6% from the January 15th total of 391,663 shares. Based on an average daily trading volume, of 86,084 shares, the short-interest ratio is currently 1.7 days. Currently, 6.6% of the company’s shares are short sold. Currently, 6.6% of the company’s shares are short sold. Based on an average daily trading volume, of 86,084 shares, the short-interest ratio is currently 1.7 days.

Hedge Funds Weigh In On GreenPower Motor

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

Wall Street Analyst Weigh In

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

GreenPower Motor Stock Performance

NASDAQ GP traded up $0.31 during trading hours on Friday, hitting $1.27. The company had a trading volume of 9,174,450 shares, compared to its average volume of 3,095,779. The business has a 50 day moving average of $0.94 and a 200-day moving average of $2.17. The company has a market cap of $3.91 million, a PE ratio of -0.23 and a beta of 1.87. GreenPower Motor has a 1-year low of $0.74 and a 1-year high of $7.70.

GreenPower Motor (NASDAQ:GP) last announced its earnings results on Tuesday, November 11th. The company reported ($1.18) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.50) by $0.32. The firm had revenue of $2.49 million during the quarter, compared to analyst estimates of $8.57 million. Sell-side analysts expect that GreenPower Motor will post -0.71 earnings per share for the current fiscal year.

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.