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

GreenPower Motor Company Inc. (NASDAQ:GP) was the target of a significant decline in short interest during the month of December. As of December 15th, there was short interest totalling 45,400 shares, a decline of 55.9% from the November 30th total of 102,900 shares. Based on an average daily trading volume, of 249,800 shares, the days-to-cover ratio is presently 0.2 days.

GreenPower Motor Stock Performance

Shares of GP stock traded down $0.04 during trading hours on Friday, reaching $0.76. 150,459 shares of the company traded hands, compared to its average volume of 125,637. The firm has a 50-day moving average price of $0.92 and a 200 day moving average price of $1.05. The company has a market cap of $22.35 million, a P/E ratio of -0.89 and a beta of 3.15. GreenPower Motor has a 12-month low of $0.70 and a 12-month high of $3.39. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.44 and a quick ratio of 0.06.

Analyst Ratings Changes

Separately, R. F. Lafferty started coverage on shares of GreenPower Motor in a report on Wednesday, September 11th. They issued a “buy” rating and a $3.00 price objective for the company.

Institutional Investors Weigh In On GreenPower Motor

An institutional investor recently raised its position in GreenPower Motor stock. Axxcess Wealth Management LLC lifted its stake in GreenPower Motor Company Inc. (NASDAQ:GP) by 55.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 280,000 shares of the company’s stock after buying an additional 100,000 shares during the quarter. Axxcess Wealth Management LLC owned approximately 1.06% of GreenPower Motor worth $384,000 at the end of the most recent reporting period. 1.69% of the stock is owned by institutional investors and hedge funds.

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.