Twin Vee PowerCats, Co. (NASDAQ:VEEE) Sees Significant Decrease in Short Interest

Twin Vee PowerCats, Co. (NASDAQ:VEEE – Get Free Report) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 394,355 shares, a drop of 49.2% from the April 15th total of 775,961 shares. Currently, 206.5% of the company’s stock are short sold. Based on an average trading volume of 1,220,646 shares, the short-interest ratio is presently 0.3 days.

Analyst Ratings Changes

A number of research firms have issued reports on VEEE. Weiss Ratings cut shares of Twin Vee PowerCats from a “sell (e+)” rating to a “sell (e)” rating in a report on Thursday, May 7th. Wall Street Zen cut shares of Twin Vee PowerCats from a “hold” rating to a “sell” rating in a report on Sunday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

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Twin Vee PowerCats Price Performance

Shares of NASDAQ VEEE opened at $6.76 on Monday. The company’s 50-day simple moving average is $9.88 and its 200-day simple moving average is $42.94. Twin Vee PowerCats has a 52-week low of $5.00 and a 52-week high of $128.02. The firm has a market cap of $3.58 million, a price-to-earnings ratio of -0.05 and a beta of 0.94.

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

Hedge Funds Weigh In On Twin Vee PowerCats

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

About Twin Vee PowerCats

(Get Free Report)

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.

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