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

GreenPower Motor Company Inc. (NASDAQ:GP) saw a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 133,663 shares, a growth of 155.0% from the May 31st total of 52,419 shares. Based on an average daily volume of 208,744 shares, the days-to-cover ratio is currently 0.6 days. Currently, 3.7% of the shares of the company are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in GreenPower Motor stock. DRW Securities LLC purchased a new stake in shares of GreenPower Motor Company Inc. (NASDAQ:GP) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 at the end of the most recent reporting period. 1.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GP. BTIG Research reissued a “neutral” rating on shares of GreenPower Motor in a report on Friday, April 10th. Weiss Ratings reiterated a “sell (e+)” rating on shares of GreenPower Motor in a research 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 company. According to MarketBeat.com, GreenPower Motor presently has a consensus rating of “Reduce”.

GreenPower Motor Stock Performance

Shares of GP stock traded up $0.24 during mid-day trading on Tuesday, reaching $1.68. 826,721 shares of the company’s stock traded hands, compared to its average volume of 1,035,640. GreenPower Motor has a 12 month low of $0.74 and a 12 month high of $6.42. The firm has a 50 day moving average price of $1.11 and a two-hundred day moving average price of $1.05. The firm has a market capitalization of $8.45 million, a PE ratio of -0.66 and a beta of 1.81.

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.