GreenPower Motor Company Inc. (NASDAQ:GP) Sees Significant Growth in Short Interest

GreenPower Motor Company Inc. (NASDAQ:GP) was the recipient of a large growth in short interest in February. As of February 28th, there was short interest totalling 438,700 shares, a growth of 64.4% from the February 13th total of 266,900 shares. Currently, 2.3% of the shares of the stock are short sold. Based on an average trading volume of 164,100 shares, the days-to-cover ratio is presently 2.7 days.

Institutional Investors Weigh In On GreenPower Motor

A hedge fund recently bought a new stake in GreenPower Motor stock. Virtu Financial LLC purchased a new stake in shares of GreenPower Motor Company Inc. (NASDAQ:GP) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 25,092 shares of the company’s stock, valued at approximately $34,000. Virtu Financial LLC owned about 0.09% of GreenPower Motor at the end of the most recent reporting period. Institutional investors own 1.69% of the company’s stock.

GreenPower Motor Trading Up 8.9 %

Shares of GP opened at $0.56 on Monday. The company has a quick ratio of 0.06, a current ratio of 1.68 and a debt-to-equity ratio of 2.99. GreenPower Motor has a 12-month low of $0.45 and a 12-month high of $2.11. The firm has a market capitalization of $16.43 million, a PE ratio of -0.67 and a beta of 3.23. The stock’s fifty day simple moving average is $0.72 and its 200-day simple moving average is $0.93.

GreenPower Motor (NASDAQ:GP) last issued its quarterly earnings data on Friday, February 14th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.02. The firm had revenue of $7.22 million during the quarter, compared to analysts’ expectations of $6.11 million. GreenPower Motor had a negative net margin of 103.90% and a negative return on equity of 432.35%. As a group, research analysts predict that GreenPower Motor will post -0.71 earnings per share for the current year.

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.