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

GreenPower Motor Company Inc. (NASDAQ:GP) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 158,900 shares, a growth of 15.6% from the March 31st total of 137,500 shares. Based on an average daily volume of 48,100 shares, the days-to-cover ratio is presently 3.3 days. Currently, 0.9% of the company’s shares are short sold.

Institutional Investors Weigh In On GreenPower Motor

An institutional investor recently raised its position in GreenPower Motor stock. Commonwealth Equity Services LLC lifted its holdings in shares of GreenPower Motor Company Inc. (NASDAQ:GP) by 31.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,123 shares of the company’s stock after purchasing an additional 10,900 shares during the period. Commonwealth Equity Services LLC owned about 0.18% of GreenPower Motor worth $142,000 at the end of the most recent reporting period. 1.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Roth Mkm reaffirmed a “buy” rating and set a $3.00 price objective on shares of GreenPower Motor in a research report on Tuesday, April 23rd.

GreenPower Motor Price Performance

Shares of GP traded up $0.03 during trading hours on Monday, reaching $1.86. The stock had a trading volume of 15,982 shares, compared to its average volume of 46,011. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.86 and a quick ratio of 0.40. The firm has a 50-day simple moving average of $1.97 and a 200 day simple moving average of $2.59. GreenPower Motor has a 12 month low of $1.62 and a 12 month high of $6.05.

GreenPower Motor (NASDAQ:GP) last issued its quarterly earnings data on Tuesday, February 13th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.05). GreenPower Motor had a negative net margin of 31.47% and a negative return on equity of 66.07%. The company had revenue of $8.16 million for the quarter, compared to the consensus estimate of $12.00 million. During the same quarter last year, the business posted ($0.14) earnings per share. On average, equities research analysts expect that GreenPower Motor will post -0.63 EPS for the current year.

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.