Twin Vee Powercats Co. (NASDAQ:VEEE) Sees Significant Decrease in Short Interest

Twin Vee Powercats Co. (NASDAQ:VEEE) was the recipient of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 180,300 shares, a decline of 38.3% from the January 31st total of 292,300 shares. Currently, 1.8% of the shares of the company are sold short. Based on an average daily volume of 497,200 shares, the short-interest ratio is presently 0.4 days.

Twin Vee Powercats Price Performance

NASDAQ:VEEE traded up $0.01 during trading hours on Monday, reaching $0.44. 104,584 shares of the company were exchanged, compared to its average volume of 634,912. The company has a current ratio of 4.00, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. The stock’s 50-day moving average is $0.43 and its 200-day moving average is $0.46. The firm has a market cap of $4.16 million, a PE ratio of -0.42 and a beta of 1.00. Twin Vee Powercats has a twelve month low of $0.31 and a twelve month high of $1.29.

Twin Vee Powercats Company Profile

Twin Vee PowerCats Co engages in the design, manufacture, and sale of recreational and commercial power catamaran boats. The firm is focused on designing and developing its products under the ELECTRA Power Sports brand. It operates through the following segments: Gas-Powered Boats, Electric Boat and Development, and Franchise.