Twin Vee PowerCats, Co. (NASDAQ:VEEE) Short Interest Up 3,528.5% in July

Twin Vee PowerCats, Co. (NASDAQ:VEEE) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 255,484 shares, an increase of 3,528.5% from the June 30th total of 7,041 shares. Based on an average daily volume of 11,038,542 shares, the short-interest ratio is presently 0.0 days. Approximately 59.0% of the company’s stock are short sold.

Institutional Trading of Twin Vee PowerCats

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Keebeck Wealth Management bought a new stake in shares of Twin Vee PowerCats in the 1st quarter valued at approximately $103,000. Everstar Asset Management LLC acquired a new stake in Twin Vee PowerCats during the 1st quarter worth $64,000. Finally, Two Sigma Investments LP bought a new position in shares of Twin Vee PowerCats during the 3rd quarter valued at about $67,000. 15.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Twin Vee PowerCats Stock Performance

Shares of NASDAQ:VEEE opened at $12.97 on Friday. The stock’s 50-day moving average is $10.05 and its 200-day moving average is $20.93. The company has a market cap of $6.87 million, a P/E ratio of -0.10 and a beta of 1.08. Twin Vee PowerCats has a 52-week low of $4.16 and a 52-week high of $128.02.

Twin Vee PowerCats (NASDAQ:VEEE) last posted its quarterly earnings data 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 for the quarter.

About Twin Vee PowerCats

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.