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

Twin Vee PowerCats, Co. (NASDAQ:VEEE) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 14,271 shares, a drop of 68.3% from the May 14th total of 45,078 shares. Based on an average trading volume of 46,597 shares, the short-interest ratio is currently 0.3 days. Approximately 3.3% of the company’s stock are sold short.

Twin Vee PowerCats Price Performance

VEEE stock traded down $0.86 during midday trading on Friday, hitting $5.67. The company’s stock had a trading volume of 83,936 shares, compared to its average volume of 57,074. Twin Vee PowerCats has a twelve month low of $5.00 and a twelve month high of $128.02. The company’s fifty day moving average price is $7.21 and its 200 day moving average price is $33.60. The stock has a market capitalization of $3.01 million, a P/E ratio of -0.04 and a beta of 1.05.

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

Wall Street Analysts Forecast Growth

VEEE has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of Twin Vee PowerCats from a “hold” rating to a “sell” rating in a 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, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Institutional Investors Weigh In On Twin Vee PowerCats

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Keebeck Wealth Management acquired a new stake in Twin Vee PowerCats in the 1st quarter valued at $103,000. Everstar Asset Management LLC acquired a new stake in Twin Vee PowerCats in the 1st quarter valued at $64,000. Finally, Two Sigma Investments LP acquired a new stake in Twin Vee PowerCats in the 3rd quarter valued at $67,000. 15.57% of the stock is currently owned by institutional investors and hedge funds.

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.