Short Interest in GreenPower Motor Company Inc. (NASDAQ:GP) Grows By 315.2%

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

GreenPower Motor Stock Down 2.4 %

NASDAQ GP traded down $0.02 during mid-day trading on Tuesday, hitting $0.80. The company’s stock had a trading volume of 95,618 shares, compared to its average volume of 210,454. GreenPower Motor has a twelve month low of $0.70 and a twelve month high of $2.93. The firm has a market capitalization of $21.16 million, a price-to-earnings ratio of -0.94 and a beta of 3.18. The company’s 50 day simple moving average is $0.84 and its 200 day simple moving average is $1.01. The company has a current ratio of 1.44, a quick ratio of 0.06 and a debt-to-equity ratio of 1.52.

Hedge Funds 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) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 25,092 shares of the company’s stock, valued at approximately $34,000. Virtu Financial LLC owned approximately 0.09% of GreenPower Motor at the end of the most recent reporting period. Hedge funds and other institutional investors own 1.69% of the company’s stock.

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.