Short Interest in GreenPower Motor Company Inc. (NASDAQ:GP) Rises By 155.0%

GreenPower Motor Company Inc. (NASDAQ:GP) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 133,663 shares, a growth of 155.0% from the May 31st total of 52,419 shares. Based on an average trading volume of 208,744 shares, the days-to-cover ratio is presently 0.6 days. Currently, 3.7% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on GP. Weiss Ratings reiterated a “sell (e+)” rating on shares of GreenPower Motor in a report on Tuesday, April 21st. BTIG Research restated a “neutral” rating on shares of GreenPower Motor in a report on Friday, April 10th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce”.

Institutional Investors Weigh In On GreenPower Motor

A hedge fund recently bought a new stake in GreenPower Motor stock. DRW Securities LLC acquired a new position in 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 (SEC). The institutional investor acquired 55,189 shares of the company’s stock, valued at approximately $43,000. DRW Securities LLC owned about 1.79% of GreenPower Motor as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 1.69% of the company’s stock.

GreenPower Motor Stock Performance

GP opened at $1.27 on Monday. The stock has a fifty day moving average price of $1.11 and a 200 day moving average price of $1.04. GreenPower Motor has a 1 year low of $0.74 and a 1 year high of $6.42. The stock has a market cap of $6.39 million, a price-to-earnings ratio of -0.50 and a beta of 1.81.

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.