GreenPower Motor Company Inc. (NASDAQ:GP) Short Interest Up 315.2% in December

GreenPower Motor Company Inc. (NASDAQ:GP) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 188,500 shares, a growth of 315.2% from the December 15th total of 45,400 shares. Based on an average daily volume of 259,600 shares, the short-interest ratio is presently 0.7 days.

GreenPower Motor Price Performance

Shares of NASDAQ:GP traded down $0.11 during midday trading on Monday, hitting $0.91. The stock had a trading volume of 341,319 shares, compared to its average volume of 339,388. The company’s 50-day moving average price is $0.85 and its 200-day moving average price is $1.03. The company has a market capitalization of $24.11 million, a P/E ratio of -1.07 and a beta of 3.18. The company has a quick ratio of 0.06, a current ratio of 1.44 and a debt-to-equity ratio of 1.52. GreenPower Motor has a fifty-two week low of $0.70 and a fifty-two week high of $2.96.

Hedge Funds Weigh In On GreenPower Motor

An institutional investor recently raised its position in GreenPower Motor stock. Axxcess Wealth Management LLC raised its holdings in GreenPower Motor Company Inc. (NASDAQ:GP) by 55.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 280,000 shares of the company’s stock after acquiring an additional 100,000 shares during the quarter. Axxcess Wealth Management LLC owned approximately 1.06% of GreenPower Motor worth $384,000 as of its most recent SEC filing. 1.69% of the stock is owned by hedge funds and other institutional investors.

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.