GreenPower Motor Company Inc. (NASDAQ:GP) Sees Significant Decline in Short Interest

GreenPower Motor Company Inc. (NASDAQ:GP) was the target of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 52,419 shares, a decrease of 64.0% from the May 14th total of 145,787 shares. Approximately 1.4% of the company’s shares are sold short. Based on an average daily trading volume, of 149,424 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in GreenPower Motor stock. DRW Securities LLC purchased a new stake in GreenPower Motor Company Inc. (NASDAQ:GP) during the fourth quarter, according to its most recent 13F filing 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 as of its most recent SEC filing. 1.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GP has been the subject of a number of research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of GreenPower Motor in a research report on Tuesday, April 21st. BTIG Research restated a “neutral” rating on shares of GreenPower Motor in a research note on Friday, April 10th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce”.

GreenPower Motor Stock Down 1.6%

Shares of NASDAQ:GP traded down $0.02 during trading on Friday, reaching $1.20. 454,233 shares of the company traded hands, compared to its average volume of 153,216. The firm has a fifty day simple moving average of $1.05 and a 200 day simple moving average of $1.02. The firm has a market cap of $6.04 million, a P/E ratio of -0.47 and a beta of 1.82. GreenPower Motor has a 1-year low of $0.74 and a 1-year high of $6.42.

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.