Twin Vee PowerCats, Co. (NASDAQ:VEEE – Get Free Report) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 7,041 shares, a drop of 67.1% from the June 15th total of 21,409 shares. Currently, 1.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 31,141 shares, the days-to-cover ratio is currently 0.2 days.
Analysts Set New Price Targets
Several equities research analysts recently commented on VEEE shares. Wall Street Zen lowered shares of Twin Vee PowerCats from a “hold” rating to a “sell” rating in a research report on Sunday, May 17th. Weiss Ratings upgraded shares of Twin Vee PowerCats from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.
Check Out Our Latest Stock Report on VEEE
Institutional Investors Weigh In On Twin Vee PowerCats
Twin Vee PowerCats Price Performance
NASDAQ VEEE opened at $4.82 on Monday. Twin Vee PowerCats has a fifty-two week low of $4.16 and a fifty-two week high of $128.02. The stock has a market cap of $2.55 million, a price-to-earnings ratio of -0.04 and a beta of 1.08. The business has a fifty day moving average of $6.05 and a 200-day moving average of $23.50.
Twin Vee PowerCats (NASDAQ:VEEE – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($12.93) EPS for the quarter. The company had revenue of $3.96 million for the quarter. Twin Vee PowerCats had a negative net margin of 59.92% and a negative return on equity of 51.34%.
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.
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