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

GreenPower Motor Company Inc. (NASDAQ:GPGet Free Report) saw a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 60,900 shares, a decrease of 68.7% from the October 31st total of 194,500 shares. Based on an average daily volume of 278,200 shares, the days-to-cover ratio is currently 0.2 days.

GreenPower Motor Stock Up 8.6 %

Shares of NASDAQ:GP traded up $0.08 during trading on Wednesday, hitting $1.01. 315,270 shares of the company were exchanged, compared to its average volume of 122,925. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.44 and a quick ratio of 0.06. The firm’s 50 day moving average price is $1.13 and its 200-day moving average price is $1.11. The stock has a market capitalization of $29.78 million, a P/E ratio of -1.19 and a beta of 3.19. GreenPower Motor has a 12-month low of $0.70 and a 12-month high of $3.42.

Institutional Investors Weigh In On GreenPower Motor

An institutional investor recently bought a new position in GreenPower Motor stock. Virtu Financial LLC acquired a new stake in GreenPower Motor Company Inc. (NASDAQ:GPFree Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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. 1.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on GP shares. R. F. Lafferty assumed coverage on shares of GreenPower Motor in a research note on Wednesday, September 11th. They issued a “buy” rating and a $3.00 price target for the company. Roth Mkm dropped their target price on GreenPower Motor from $3.00 to $1.65 and set a “buy” rating on the stock in a report on Friday, August 16th.

Read Our Latest Stock Report on GP

GreenPower Motor Company Profile

(Get Free Report)

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.

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