GreenPower Motor Company Inc. (NASDAQ:GP – Get Free Report) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 68,704 shares, a decrease of 48.6% from the June 15th total of 133,663 shares. Based on an average trading volume of 298,556 shares, the short-interest ratio is currently 0.2 days. Currently, 1.9% of the company’s stock are sold short.
Hedge Funds Weigh In On GreenPower Motor
A hedge fund recently bought a new position in GreenPower Motor stock. DRW Securities LLC bought a new position in shares of GreenPower Motor Company Inc. (NASDAQ:GP – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 55,189 shares of the company’s stock, valued at approximately $43,000. DRW Securities LLC owned 1.79% of GreenPower Motor as of its most recent SEC filing. Hedge funds and other institutional investors own 1.69% of the company’s stock.
GreenPower Motor Price Performance
Shares of NASDAQ:GP traded down $0.01 during trading hours on Thursday, hitting $1.61. 214,201 shares of the company’s stock traded hands, compared to its average volume of 972,862. The business has a fifty day moving average price of $1.25 and a 200-day moving average price of $1.10. GreenPower Motor has a 1 year low of $0.74 and a 1 year high of $6.42. The firm has a market capitalization of $8.10 million, a P/E ratio of -0.97 and a beta of 1.69.
Analyst Upgrades and Downgrades
GP has been the topic of several recent analyst reports. BTIG Research reissued a “neutral” rating on shares of GreenPower Motor in a research report on Friday, April 10th. Weiss Ratings reissued a “sell (e+)” rating on shares of GreenPower Motor in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.
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.
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