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

GreenPower Motor Company Inc. (NASDAQ:GP) was the target of a large increase in short interest in February. As of February 15th, there was short interest totalling 266,900 shares, an increase of 91.3% from the January 31st total of 139,500 shares. Based on an average daily volume of 162,000 shares, the short-interest ratio is presently 1.6 days.

Institutional Inflows and Outflows

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

GreenPower Motor Stock Performance

GP traded down $0.05 during midday trading on Monday, hitting $0.53. 121,266 shares of the company traded hands, compared to its average volume of 171,964. The company’s 50-day moving average is $0.77 and its 200 day moving average is $0.95. The company has a quick ratio of 0.06, a current ratio of 1.68 and a debt-to-equity ratio of 2.99. The firm has a market capitalization of $15.48 million, a PE ratio of -0.63 and a beta of 3.18. GreenPower Motor has a 52 week low of $0.53 and a 52 week high of $2.37.

GreenPower Motor (NASDAQ:GP) last issued its earnings results on Friday, February 14th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.02. The company had revenue of $7.22 million for 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%. On average, research analysts expect that GreenPower Motor will post -0.71 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.