Twin Vee PowerCats, Co. (NASDAQ:VEEE – Get Free Report) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 28,255 shares, a drop of 41.1% from the August 15th total of 47,950 shares. Based on an average daily trading volume, of 29,292 shares, the days-to-cover ratio is currently 1.0 days. Currently, 5.1% of the shares of the company are short sold.
Twin Vee PowerCats Stock Down 4.4%
Shares of NASDAQ:VEEE opened at $8.60 on Thursday. The company has a market cap of $4.99 million, a price-to-earnings ratio of -0.08 and a beta of 0.96. The firm’s 50-day simple moving average is $13.60 and its 200-day simple moving average is $10.27. Twin Vee PowerCats has a fifty-two week low of $4.16 and a fifty-two week high of $127.65.
Twin Vee PowerCats (NASDAQ:VEEE – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($5.07) earnings per share (EPS) for the quarter. The firm had revenue of $3.13 million for the quarter. Twin Vee PowerCats had a negative return on equity of 67.71% and a negative net margin of 76.31%.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on VEEE
Insider Activity
In related news, major shareholder Financial Lp Hrt sold 49,505 shares of the business’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $18.12, for a total value of $897,030.60. Following the transaction, the insider owned 5,523 shares in the company, valued at $100,076.76. The trade was a 89.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 4.10% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Twin Vee PowerCats stock. Keebeck Wealth Management bought a new position in shares of Twin Vee PowerCats, Co. (NASDAQ:VEEE – Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 10,811 shares of the company’s stock, valued at approximately $56,000. Keebeck Wealth Management owned approximately 1.90% of Twin Vee PowerCats as of its most recent filing with the SEC. Hedge funds and other institutional investors own 15.57% of the company’s stock.
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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