GreenPower Motor Company Inc. (NASDAQ:GP) Sees Significant Increase in Short Interest

GreenPower Motor Company Inc. (NASDAQ:GP) saw a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 139,500 shares, an increase of 39.9% from the January 15th total of 99,700 shares. Based on an average daily volume of 177,400 shares, the short-interest ratio is presently 0.8 days.

GreenPower Motor Stock Down 2.7 %

GP stock traded down $0.02 during trading on Friday, hitting $0.73. The company had a trading volume of 126,996 shares, compared to its average volume of 183,034. The business has a 50-day moving average of $0.80 and a 200-day moving average of $0.97. GreenPower Motor has a one year low of $0.70 and a one year high of $2.49. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.06 and a current ratio of 1.44.

Institutional Trading of GreenPower Motor

A hedge fund recently raised its stake in GreenPower Motor stock. Axxcess Wealth Management LLC lifted its stake in shares of GreenPower Motor Company Inc. (NASDAQ:GP) by 55.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 280,000 shares of the company’s stock after acquiring an additional 100,000 shares during the period. Axxcess Wealth Management LLC owned 1.06% of GreenPower Motor worth $384,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 1.69% of the company’s stock.

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.