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

GreenPower Motor Company Inc. (NASDAQ:GP) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 158,900 shares, a growth of 15.6% from the March 31st total of 137,500 shares. Approximately 0.9% of the company’s shares are short sold. Based on an average daily volume of 48,100 shares, the short-interest ratio is currently 3.3 days.

GreenPower Motor Price Performance

Shares of GP stock traded up $0.03 on Monday, reaching $1.86. 15,982 shares of the company’s stock were exchanged, compared to its average volume of 46,011. GreenPower Motor has a 52 week low of $1.62 and a 52 week high of $6.05. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.86 and a quick ratio of 0.40. The company’s fifty day simple moving average is $1.97 and its 200 day simple moving average is $2.59.

GreenPower Motor (NASDAQ:GP) last issued its quarterly earnings results on Tuesday, February 13th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.05). GreenPower Motor had a negative return on equity of 66.07% and a negative net margin of 31.47%. The business had revenue of $8.16 million for the quarter, compared to the consensus estimate of $12.00 million. During the same period in the prior year, the business posted ($0.14) earnings per share. On average, equities research analysts expect that GreenPower Motor will post -0.63 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GreenPower Motor

A hedge fund recently raised its stake in GreenPower Motor stock. Commonwealth Equity Services LLC raised its position in shares of GreenPower Motor Company Inc. (NASDAQ:GP) by 31.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,123 shares of the company’s stock after purchasing an additional 10,900 shares during the period. Commonwealth Equity Services LLC owned about 0.18% of GreenPower Motor worth $142,000 as of its most recent filing with the Securities & Exchange Commission. 1.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Roth Mkm reissued a “buy” rating and set a $3.00 price target on shares of GreenPower Motor in a research note on Tuesday, April 23rd.

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.