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

Twin Vee PowerCats, Co. (NASDAQ:VEEE) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 104,900 shares, an increase of 135.2% from the August 31st total of 44,600 shares. Based on an average trading volume of 1,620,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 5.5% of the company’s shares are sold short. Currently, 5.5% of the company’s shares are sold short. Based on an average trading volume of 1,620,000 shares, the days-to-cover ratio is presently 0.1 days.

Twin Vee PowerCats Stock Performance

VEEE opened at $2.78 on Friday. The stock has a market capitalization of $4.14 million, a PE ratio of -0.35 and a beta of 1.07. The stock’s 50 day moving average price is $2.31 and its 200-day moving average price is $2.52. Twin Vee PowerCats has a 52-week low of $1.86 and a 52-week high of $9.30.

Twin Vee PowerCats (NASDAQ:VEEE) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.49) earnings per share for the quarter. Twin Vee PowerCats had a negative net margin of 96.11% and a negative return on equity of 57.79%. The company had revenue of $4.76 million during the quarter.

Analyst Ratings Changes

A number of analysts have recently weighed in on VEEE shares. Wall Street Zen raised Twin Vee PowerCats from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Weiss Ratings reissued a “sell (e+)” rating on shares of Twin Vee PowerCats in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Twin Vee PowerCats Company Profile

Twin Vee PowerCats Co engages in the design, manufacture, and sale of recreational and commercial power catamaran boats. The firm is focused on designing and developing its products under the ELECTRA Power Sports brand. It operates through the following segments: Gas-Powered Boats, Electric Boat and Development, and Franchise.