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

GreenPower Motor Company Inc. (NASDAQ:GP) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 98,296 shares, a decrease of 18.9% from the November 30th total of 121,252 shares. Approximately 4.4% of the company’s shares are sold short. Based on an average daily volume of 32,327 shares, the short-interest ratio is currently 3.0 days. Based on an average daily volume of 32,327 shares, the short-interest ratio is currently 3.0 days. Approximately 4.4% of the company’s shares are sold short.

GreenPower Motor Stock Performance

NASDAQ:GP opened at $0.78 on Friday. GreenPower Motor has a 52 week low of $0.74 and a 52 week high of $10.90. The firm’s fifty day moving average is $1.36 and its 200-day moving average is $2.81. The firm has a market cap of $2.40 million, a P/E ratio of -0.14 and a beta of 1.85.

GreenPower Motor (NASDAQ:GP) last announced its earnings results on Tuesday, November 11th. The company reported ($1.18) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.50) by $0.32. The firm had revenue of $2.49 million for the quarter, compared to the consensus estimate of $8.57 million. As a group, sell-side analysts anticipate that GreenPower Motor will post -0.71 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake 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 Form 13F filing with the Securities and Exchange Commission. The firm owned 1,100,000 shares of the company’s stock after purchasing an additional 100,000 shares during the quarter. Axxcess Wealth Management LLC owned about 3.67% of GreenPower Motor worth $440,000 as of its most recent SEC filing. 1.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of GreenPower Motor in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

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.