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

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in GreenPower Motor stock. Virtu Financial LLC acquired a new position in GreenPower Motor Company Inc. (NASDAQ:GP) in the third quarter, according to the company in its most recent filing with the 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. Hedge funds and other institutional investors own 1.69% of the company’s stock.

GreenPower Motor Stock Up 8.9 %

Shares of GreenPower Motor stock opened at $0.56 on Monday. The business’s fifty day moving average price is $0.72 and its two-hundred day moving average price is $0.93. The company has a market capitalization of $16.43 million, a P/E ratio of -0.67 and a beta of 3.23. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.68 and a quick ratio of 0.06. GreenPower Motor has a 1-year low of $0.45 and a 1-year high of $2.11.

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