GreenPower Motor Company Inc. (NASDAQ:GP) Sees Large Drop in Short Interest

GreenPower Motor Company Inc. (NASDAQ:GP) was the recipient of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 145,787 shares, a decline of 40.5% from the April 30th total of 244,992 shares. Approximately 4.0% of the company’s shares are sold short. Based on an average daily trading volume, of 219,588 shares, the short-interest ratio is currently 0.7 days.

GreenPower Motor Stock Performance

Shares of NASDAQ GP traded up $0.01 during trading hours on Thursday, hitting $1.13. The company’s stock had a trading volume of 21,007 shares, compared to its average volume of 1,156,946. The stock has a market cap of $5.67 million, a price-to-earnings ratio of -0.44 and a beta of 1.82. GreenPower Motor has a 12 month low of $0.74 and a 12 month high of $6.42. The business has a 50-day simple moving average of $1.03 and a 200-day simple moving average of $1.03.

Wall Street Analyst Weigh In

Several research firms have recently commented on GP. Weiss Ratings reiterated a “sell (e+)” rating on shares of GreenPower Motor in a report on Tuesday, April 21st. BTIG Research reiterated a “neutral” rating on shares of GreenPower Motor in a report on Friday, April 10th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, GreenPower Motor has a consensus rating of “Reduce”.

Institutional Trading of GreenPower Motor

A hedge fund recently bought a new stake in GreenPower Motor stock. DRW Securities LLC purchased a new position in GreenPower Motor Company Inc. (NASDAQ:GP) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 55,189 shares of the company’s stock, valued at approximately $43,000. DRW Securities LLC owned approximately 1.79% of GreenPower Motor as of its most recent SEC filing. 1.69% of the stock is currently owned by hedge funds and other institutional investors.

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.