Twin Vee PowerCats, Co. (NASDAQ:VEEE) Sees Large Decline in Short Interest

Twin Vee PowerCats, Co. (NASDAQ:VEEE) saw a significant decline in short interest in May. As of May 15th, there was short interest totaling 45,078 shares, a decline of 88.6% from the April 30th total of 394,355 shares. Currently, 10.4% of the shares of the company are sold short. Based on an average daily volume of 629,867 shares, the days-to-cover ratio is presently 0.1 days.

Twin Vee PowerCats Stock Up 0.8%

NASDAQ:VEEE traded up $0.06 during trading hours on Friday, hitting $7.19. 27,776 shares of the company’s stock traded hands, compared to its average volume of 385,732. The firm has a market cap of $3.81 million, a P/E ratio of -0.05 and a beta of 0.94. Twin Vee PowerCats has a 52 week low of $5.00 and a 52 week high of $128.02. The business’s fifty day simple moving average is $8.42 and its two-hundred day simple moving average is $37.88.

Twin Vee PowerCats (NASDAQ:VEEE) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($12.93) earnings per share (EPS) for the quarter. The business 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%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Twin Vee PowerCats

Large investors have recently added to or reduced their stakes in the business. Two Sigma Investments LP bought a new stake in Twin Vee PowerCats during the third quarter valued at $67,000. Everstar Asset Management LLC bought a new stake in Twin Vee PowerCats during the first quarter worth about $64,000. Finally, Keebeck Wealth Management bought a new stake in Twin Vee PowerCats during the first quarter worth about $103,000. Institutional investors own 15.57% of the company’s stock.

Twin Vee PowerCats Company Profile

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.