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

GreenPower Motor Company Inc. (NASDAQ:GP) was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 68,704 shares, a decrease of 48.6% from the June 15th total of 133,663 shares. Currently, 1.9% of the shares of the stock are short sold. Based on an average daily volume of 298,556 shares, the short-interest ratio is presently 0.2 days.

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 position in GreenPower Motor Company Inc. (NASDAQ:GP) during the fourth quarter, according to its most recent 13F filing with the SEC. 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.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on GP. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of GreenPower Motor in a report on Tuesday, April 21st. BTIG Research reissued 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 assigned a Sell rating to the stock. Based on data from MarketBeat, GreenPower Motor currently has a consensus rating of “Reduce”.

GreenPower Motor Stock Performance

GP stock traded up $0.17 during midday trading on Wednesday, reaching $1.62. 392,804 shares of the company traded hands, compared to its average volume of 978,276. The firm has a market capitalization of $8.17 million, a price-to-earnings ratio of -0.98 and a beta of 1.69. The business has a 50 day moving average of $1.23 and a 200-day moving average of $1.10. GreenPower Motor has a 52-week low of $0.74 and a 52-week high of $6.42.

GreenPower Motor (NASDAQ:GP) last released its quarterly earnings results on Wednesday, July 8th. The company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($1.20) by $1.09. The firm had revenue of $3.85 million for the quarter, compared to analysts’ expectations of $9.61 million.

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.