GreenPower Motor Company Inc. (NASDAQ:GP) Short Interest Down 16.7% in March

GreenPower Motor Company Inc. (NASDAQ:GP) was the target of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 91,519 shares, a decline of 16.7% from the February 26th total of 109,866 shares. Currently, 3.8% of the company’s stock are short sold. Based on an average daily trading volume, of 16,587 shares, the days-to-cover ratio is presently 5.5 days.

GreenPower Motor Stock Down 6.3%

GreenPower Motor stock traded down $0.07 during trading hours on Wednesday, hitting $0.98. The stock had a trading volume of 7,237 shares, compared to its average volume of 1,523,096. The stock’s 50-day moving average price is $1.07 and its 200-day moving average price is $1.60. The stock has a market capitalization of $4.90 million, a P/E ratio of -0.38 and a beta of 1.83. GreenPower Motor has a 12-month low of $0.74 and a 12-month high of $6.42.

GreenPower Motor (NASDAQ:GP) last announced its quarterly earnings results on Thursday, February 12th. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate of ($1.40) by $2.72. The firm had revenue of $8.50 million for the quarter, compared to the consensus estimate of $8.99 million. On average, research analysts expect that GreenPower Motor will post -0.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in GreenPower Motor stock. DRW Securities LLC acquired a new stake in shares of GreenPower Motor Company Inc. (NASDAQ:GP) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 55,189 shares of the company’s stock, valued at approximately $43,000. DRW Securities LLC owned about 1.79% of GreenPower Motor at the end of the most recent reporting period. Institutional investors own 1.69% of the company’s stock.

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.