Short Interest in GreenPower Motor Company Inc. (NASDAQ:GP) Rises By 91.3%

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

Hedge Funds Weigh In On GreenPower Motor

A hedge fund recently bought a new stake in GreenPower Motor stock. Virtu Financial LLC bought a new position in GreenPower Motor Company Inc. (NASDAQ:GP) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 25,092 shares of the company’s stock, valued at approximately $34,000. Virtu Financial LLC owned approximately 0.09% of GreenPower Motor as of its most recent filing with the Securities and Exchange Commission (SEC). 1.69% of the stock is currently owned by hedge funds and other institutional investors.

GreenPower Motor Trading Up 1.8 %

GreenPower Motor stock traded up $0.01 during trading hours on Friday, hitting $0.57. The stock had a trading volume of 202,075 shares, compared to its average volume of 173,302. 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 stock has a market cap of $16.82 million, a price-to-earnings ratio of -0.69 and a beta of 3.18. GreenPower Motor has a one year low of $0.54 and a one year high of $2.37. The business’s 50 day simple moving average is $0.77 and its 200-day simple moving average is $0.95.

GreenPower Motor (NASDAQ:GP) last issued its quarterly earnings data on Friday, February 14th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.02. GreenPower Motor had a negative return on equity of 432.35% and a negative net margin of 103.90%. The company had revenue of $7.22 million during the quarter, compared to the consensus estimate of $6.11 million. On average, equities analysts predict that GreenPower Motor will post -0.71 EPS for the current fiscal 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.