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

GreenPower Motor Company Inc. (NASDAQ:GP) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 38,100 shares, an increase of 31.4% from the August 15th total of 29,000 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 65,300 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On GreenPower Motor

An institutional investor recently raised its position in GreenPower Motor stock. Axxcess Wealth Management LLC grew its stake in shares of GreenPower Motor Company Inc. (NASDAQ:GP) by 49.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 180,000 shares of the company’s stock after acquiring an additional 59,589 shares during the period. Axxcess Wealth Management LLC owned about 0.72% of GreenPower Motor worth $355,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 1.69% of the company’s stock.

GreenPower Motor Stock Performance

GreenPower Motor stock traded down $0.21 during mid-day trading on Monday, hitting $1.42. 902,981 shares of the company’s stock traded hands, compared to its average volume of 77,635. The company has a market cap of $37.48 million, a PE ratio of -1.91 and a beta of 3.11. The company has a quick ratio of 0.13, a current ratio of 1.61 and a debt-to-equity ratio of 0.74. GreenPower Motor has a one year low of $0.70 and a one year high of $3.54. The firm has a 50 day moving average price of $1.03 and a 200 day moving average price of $1.37.

GreenPower Motor (NASDAQ:GP) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.21) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.02. GreenPower Motor had a negative net margin of 84.74% and a negative return on equity of 128.08%. The business had revenue of $3.00 million during the quarter, compared to analysts’ expectations of $5.00 million. On average, equities analysts forecast that GreenPower Motor will post -0.8 EPS for the current year.

Analyst Ratings Changes

GP has been the subject of a number of recent analyst reports. Roth Mkm decreased their price target on shares of GreenPower Motor from $3.00 to $1.65 and set a “buy” rating for the company in a research report on Friday, August 16th. R. F. Lafferty started coverage on shares of GreenPower Motor in a report on Wednesday, September 11th. They set a “buy” rating and a $3.00 price objective for the company.

About GreenPower Motor

GreenPower Motor Company Inc designs, manufactures, and distributes electric vehicles for commercial markets in the United States and Canada. The company offers commercial vehicles for delivery, public transit, schools, vanpools, micro-transit, shuttles, and other; and passenger, student, low floor transit, and cargo transportation.