Twin Vee PowerCats, Co. (NASDAQ:VEEE) Short Interest Update

Twin Vee PowerCats, Co. (NASDAQ:VEEE) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 45,078 shares, a decline of 88.6% from the April 30th total of 394,355 shares. Based on an average daily volume of 629,867 shares, the short-interest ratio is presently 0.1 days. Approximately 10.4% of the company’s shares are sold short.

Institutional Trading of Twin Vee PowerCats

A number of hedge funds and other institutional investors have recently bought and sold shares of VEEE. Everstar Asset Management LLC bought a new position in shares of Twin Vee PowerCats in the first quarter worth about $64,000. Two Sigma Investments LP purchased a new position in Twin Vee PowerCats during the third quarter valued at approximately $67,000. Finally, Keebeck Wealth Management bought a new position in shares of Twin Vee PowerCats in the first quarter worth approximately $103,000. Hedge funds and other institutional investors own 15.57% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Wall Street Zen lowered shares of Twin Vee PowerCats from a “hold” rating to a “sell” rating in a report on Sunday, May 17th. Weiss Ratings upgraded Twin Vee PowerCats from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, May 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Twin Vee PowerCats Price Performance

Shares of VEEE traded up $0.33 on Thursday, reaching $7.08. The company’s stock had a trading volume of 32,154 shares, compared to its average volume of 190,875. The stock’s 50 day simple moving average is $8.71 and its two-hundred day simple moving average is $38.57. The stock has a market capitalization of $3.75 million, a P/E ratio of -0.05 and a beta of 0.94. Twin Vee PowerCats has a 12-month low of $5.00 and a 12-month high of $128.02.

Twin Vee PowerCats (NASDAQ:VEEE) last released its quarterly earnings results on Thursday, May 7th. The company reported ($12.93) earnings per share for the quarter. Twin Vee PowerCats had a negative return on equity of 51.34% and a negative net margin of 59.92%.The business had revenue of $3.96 million during the quarter.

Twin Vee PowerCats Company Profile

Twin Vee PowerCats (NASDAQ: VEEE) is a U.S.-based designer, manufacturer and marketer of high-performance power catamarans. The company specializes in vacuum-infused fiberglass composite construction, producing vessels that combine speed, stability and fuel efficiency. Twin Vee’s product range spans models for both recreational boating enthusiasts and commercial operators, with applications including day cruising, fishing, passenger transport, law enforcement and tourism.

Founded in 1997 by Gregg Seskin and Andy Pastras, Twin Vee has built a reputation for innovation in catamaran design and marine engineering.