Short Interest in GreenPower Motor Company Inc. (NASDAQ:GP) Declines By 62.6%

GreenPower Motor Company Inc. (NASDAQ:GP) saw a large drop in short interest in 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 volume of 86,084 shares, the short-interest ratio is presently 1.7 days. Currently, 6.6% of the shares of the stock are short sold. Currently, 6.6% of the shares of the stock are short sold. Based on an average daily volume of 86,084 shares, the short-interest ratio is presently 1.7 days.

GreenPower Motor Stock Up 0.8%

NASDAQ GP opened at $0.99 on Wednesday. The company has a market capitalization of $3.04 million, a price-to-earnings ratio of -0.18 and a beta of 1.87. GreenPower Motor has a twelve month low of $0.74 and a twelve month high of $7.70. The stock has a fifty day simple moving average of $0.95 and a 200 day simple moving average of $2.21.

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

Analysts Set New Price Targets

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

Institutional Trading of GreenPower Motor

An institutional investor recently raised its position in GreenPower Motor stock. Axxcess Wealth Management LLC boosted its stake in GreenPower Motor Company Inc. (NASDAQ:GP) by 10.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,100,000 shares of the company’s stock after buying an additional 100,000 shares during the quarter. Axxcess Wealth Management LLC owned approximately 3.67% of GreenPower Motor worth $440,000 as of its most recent SEC filing. 1.69% of the stock is owned by hedge funds and other institutional investors.

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.