GreenPower Motor Company Inc. (NASDAQ:GP – Get Free Report) saw a large drop in short interest in 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. Currently, 11.5% of the company’s stock are sold short. Based on an average trading volume of 193,000 shares, the short-interest ratio is presently 0.2 days.
Recent GreenPower Motor Headlines
These are some of the GP headlines 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.
Wall Street Analyst Weigh In
Several analysts have issued reports on the stock. Wall Street Zen lowered shares of GreenPower Motor from a “hold” rating to a “sell” rating in a research report on Saturday, November 7th. Weiss Ratings reissued a “sell (e+)” rating on shares of GreenPower Motor in a research report on Thursday, October 15th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce”.
View Our Latest Report on GreenPower Motor
GreenPower Motor Price Performance
NASDAQ GP traded down $0.07 on Friday, hitting $1.16. 2,955,944 shares of the company’s stock were exchanged, compared to its average volume of 832,545. The stock has a 50-day moving average of $2.29 and a 200-day moving average of $5.10. The stock has a market cap of $485,100.00, a price-to-earnings ratio of -0.34 and a beta of 1.99. 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 52 week low of $0.41 and a 52 week high of $9.20.
GreenPower Motor (NASDAQ:GP – Get Free Report) last issued its earnings results on Friday, August 14th. The company reported ($2.10) earnings per share for the quarter. The business had revenue of $0.44 million for the quarter.
GreenPower Motor Company Profile
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.
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