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

GreenPower Motor Company Inc. (NASDAQ:GP) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 188,500 shares, a growth of 315.2% from the December 15th total of 45,400 shares. Based on an average daily volume of 259,600 shares, the days-to-cover ratio is currently 0.7 days.

Hedge Funds Weigh In On GreenPower Motor

An institutional investor recently bought a new position in GreenPower Motor stock. Virtu Financial LLC acquired a new stake in GreenPower Motor Company Inc. (NASDAQ:GP) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 25,092 shares of the company’s stock, valued at approximately $34,000. Virtu Financial LLC owned 0.09% of GreenPower Motor at the end of the most recent quarter. 1.69% of the stock is owned by hedge funds and other institutional investors.

GreenPower Motor Stock Performance

Shares of GreenPower Motor stock traded down $0.06 during midday trading on Tuesday, hitting $0.85. The company had a trading volume of 204,213 shares, compared to its average volume of 322,552. The company has a quick ratio of 0.06, a current ratio of 1.44 and a debt-to-equity ratio of 1.52. GreenPower Motor has a 12-month low of $0.70 and a 12-month high of $2.96. The stock has a market cap of $22.39 million, a price-to-earnings ratio of -0.99 and a beta of 3.18. The company has a fifty day simple moving average of $0.84 and a 200 day simple moving average of $1.03.

GreenPower Motor Company Profile

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.