Twin Vee PowerCats, Co. (NASDAQ:VEEE) Short Interest Down 67.1% in June

Twin Vee PowerCats, Co. (NASDAQ:VEEE) saw a significant decrease in short interest in June. As of June 30th, there was short interest totaling 7,041 shares, a decrease of 67.1% from the June 15th total of 21,409 shares. Currently, 1.6% of the company’s shares are short sold. Based on an average trading volume of 31,141 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on VEEE. Wall Street Zen cut 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 investment analyst has rated the stock with a Sell rating, According to MarketBeat, Twin Vee PowerCats currently has a consensus rating of “Sell”.

Twin Vee PowerCats Trading Down 6.2%

Twin Vee PowerCats stock traded down $2.38 during trading hours on Wednesday, hitting $36.13. 5,193,916 shares of the stock traded hands, compared to its average volume of 977,725. Twin Vee PowerCats has a one year low of $4.16 and a one year high of $128.02. The firm’s 50-day moving average price is $7.08 and its two-hundred day moving average price is $22.95. The company has a market cap of $19.15 million, a PE ratio of -0.27 and a beta of 1.08.

Twin Vee PowerCats (NASDAQ:VEEE) last released its earnings results on Thursday, May 7th. The company reported ($12.93) 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 firm had revenue of $3.96 million during the quarter.

Hedge Funds Weigh In On Twin Vee PowerCats

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Everstar Asset Management LLC purchased a new stake in shares of Twin Vee PowerCats in the 1st quarter worth about $64,000. Two Sigma Investments LP purchased a new position in Twin Vee PowerCats during the 3rd quarter valued at about $67,000. Finally, Keebeck Wealth Management purchased a new position in Twin Vee PowerCats during the 1st quarter valued at about $103,000. Hedge funds and other 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.