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

GreenPower Motor Company Inc. (NASDAQ:GP) saw a large decline in short interest in May. As of May 29th, there was short interest totaling 52,419 shares, a decline of 64.0% from the May 14th total of 145,787 shares. Based on an average daily trading volume, of 149,424 shares, the short-interest ratio is currently 0.4 days. Currently, 1.4% of the shares of the stock are short sold.

Analysts Set New Price Targets

GP has been the subject of a number of research analyst reports. BTIG Research reissued a “neutral” rating on shares of GreenPower Motor in a report on Friday, April 10th. Weiss Ratings reissued a “sell (e+)” rating on shares of GreenPower Motor in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

GreenPower Motor Stock Down 1.6%

Shares of NASDAQ GP traded down $0.02 during trading on Friday, reaching $1.20. The company had a trading volume of 454,233 shares, compared to its average volume of 153,216. The company’s fifty day moving average price is $1.05 and its 200-day moving average price is $1.02. GreenPower Motor has a 12 month low of $0.74 and a 12 month high of $6.42. The stock has a market cap of $6.04 million, a P/E ratio of -0.47 and a beta of 1.82.

Institutional Investors Weigh In On GreenPower Motor

An institutional investor recently bought a new position in GreenPower Motor stock. DRW Securities LLC bought a new stake in shares of GreenPower Motor Company Inc. (NASDAQ:GP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 55,189 shares of the company’s stock, valued at approximately $43,000. DRW Securities LLC owned approximately 1.79% of GreenPower Motor at the end of the most recent reporting period. Hedge funds and other institutional investors own 1.69% of the company’s stock.

GreenPower Motor Company Profile

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.