Short Interest in GreenPower Motor Company Inc. (NASDAQ:GP) Grows By 322.9%

GreenPower Motor Company Inc. (NASDAQ:GP) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 391,663 shares, a growth of 322.9% from the December 31st total of 92,623 shares. Based on an average daily trading volume, of 8,052,819 shares, the days-to-cover ratio is presently 0.0 days. Currently, 17.7% of the company’s shares are short sold. Currently, 17.7% of the company’s shares are short sold. Based on an average daily trading volume, of 8,052,819 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in GreenPower Motor stock. Axxcess Wealth Management LLC lifted its holdings in shares of GreenPower Motor Company Inc. (NASDAQ:GP) by 10.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,100,000 shares of the company’s stock after purchasing an additional 100,000 shares during the period. Axxcess Wealth Management LLC owned 3.67% of GreenPower Motor worth $440,000 at the end of the most recent reporting period. 1.69% of the stock is currently owned by institutional investors.

GreenPower Motor Price Performance

Shares of GP stock opened at $0.89 on Wednesday. The business’s 50 day simple moving average is $0.97 and its 200 day simple moving average is $2.43. GreenPower Motor has a one year low of $0.74 and a one year high of $8.40. The stock has a market capitalization of $2.74 million, a PE ratio of -0.16 and a beta of 1.85.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of GreenPower Motor in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

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.