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

GreenPower Motor Company Inc. (NASDAQ:GP) was the target of a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 34,683 shares, a drop of 68.3% from the October 15th total of 109,259 shares. Approximately 11.5% of the company’s shares are sold short. Based on an average daily trading volume, of 193,000 shares, the days-to-cover ratio is currently 0.2 days.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of GreenPower Motor in a report on Thursday, October 15th. Wall Street Zen downgraded shares of GreenPower Motor from a “hold” rating to a “sell” rating in a research note on Saturday, November 7th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, GreenPower Motor has an average rating of “Reduce”.

GreenPower Motor News Roundup

These are some of the GP news items that stood out recently:

• Neutral Sentiment: Frequent volatility pauses may keep trading choppy and signal elevated uncertainty, but they do not by themselves explain why investors are buying or selling GP.

GreenPower Motor Trading Down 6.1%

GP stock traded down $0.07 during trading on Friday, hitting $1.16. The company had a trading volume of 2,955,944 shares, compared to its average volume of 832,545. The stock has a market cap of $485,100.00, a PE ratio of -0.34 and a beta of 1.99. The business has a 50-day moving average of $2.29 and a 200-day moving average of $5.10. The company has a current ratio of 1.49, a quick ratio of 0.11 and a debt-to-equity ratio of 2.80. GreenPower Motor has a one year low of $0.41 and a one year high of $9.20.

GreenPower Motor (NASDAQ:GP) last released its quarterly earnings results on Friday, August 14th. The company reported ($2.10) earnings per share (EPS) for the quarter. The business had revenue of $0.44 million for the quarter.

About GreenPower Motor

GreenPower Motor Company Inc. is a Canadian manufacturer of all-electric commercial vehicles. The company designs and produces zero-emission buses and trucks for passenger transportation, school transportation, delivery, and other commercial applications. Its product portfolio includes electric transit buses, school buses, shuttle buses, vans, and medium-duty trucks. Notable vehicle lines include the EV Star family of commercial vehicles, the BEAST all-electric school bus, and other purpose-built electric platforms designed for urban transit and fleet operations.