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

Twin Vee PowerCats, Co. (NASDAQ:VEEE) saw a significant increase in short interest in July. As of July 15th, there was short interest totaling 255,484 shares, an increase of 3,528.5% from the June 30th total of 7,041 shares. Based on an average daily trading volume, of 11,038,542 shares, the short-interest ratio is currently 0.0 days. Approximately 59.0% of the company’s shares are sold short.

Twin Vee PowerCats Stock Performance

Shares of VEEE traded down $1.53 during mid-day trading on Friday, reaching $12.97. The company had a trading volume of 232,988 shares, compared to its average volume of 1,090,950. Twin Vee PowerCats has a 52 week low of $4.16 and a 52 week high of $128.02. The company has a market capitalization of $6.87 million, a price-to-earnings ratio of -0.10 and a beta of 1.08. The firm has a 50-day moving average price of $9.93 and a 200 day moving average price of $20.99.

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on VEEE shares. Wall Street Zen downgraded Twin Vee PowerCats from a “hold” rating to a “sell” rating in a report on Sunday, May 17th. Weiss Ratings raised Twin Vee PowerCats from a “sell (e)” rating to a “sell (e+)” rating in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Hedge Funds Weigh In On Twin Vee PowerCats

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Two Sigma Investments LP bought a new stake in shares of Twin Vee PowerCats in the third quarter worth approximately $67,000. Everstar Asset Management LLC purchased a new stake in Twin Vee PowerCats in the first quarter worth approximately $64,000. Finally, Keebeck Wealth Management bought a new stake in Twin Vee PowerCats in the 1st quarter worth approximately $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.