GreenPower Motor Company Inc. (NASDAQ:GP) Short Interest Down 48.6% in June

GreenPower Motor Company Inc. (NASDAQ:GP) saw a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 68,704 shares, a drop of 48.6% from the June 15th total of 133,663 shares. Based on an average daily trading volume, of 298,556 shares, the days-to-cover ratio is currently 0.2 days. Currently, 1.9% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on GP shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of GreenPower Motor in a research note on Tuesday, April 21st. BTIG Research restated a “neutral” rating on shares of GreenPower Motor in a research note on Friday, April 10th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

GreenPower Motor Stock Down 5.6%

NASDAQ GP traded down $0.09 during trading hours on Friday, hitting $1.52. The company had a trading volume of 205,085 shares, compared to its average volume of 967,182. GreenPower Motor has a fifty-two week low of $0.74 and a fifty-two week high of $6.42. The business has a fifty day simple moving average of $1.26 and a 200-day simple moving average of $1.11. The firm has a market cap of $7.65 million, a P/E ratio of -0.92 and a beta of 1.69.

GreenPower Motor (NASDAQ:GP) last announced its quarterly earnings results on Wednesday, July 8th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.20) by $1.09. The firm had revenue of $3.85 million for the quarter, compared to analyst estimates of $9.61 million.

Institutional Trading of GreenPower Motor

An institutional investor recently bought a new stake in GreenPower Motor stock. DRW Securities LLC bought a new stake in shares of GreenPower Motor Company Inc. (NASDAQ:GP) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 55,189 shares of the company’s stock, valued at approximately $43,000. DRW Securities LLC owned 1.79% of GreenPower Motor as of its most recent SEC filing. 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.