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

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

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on VEEE shares. 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 raised 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 MarketBeat.com, Twin Vee PowerCats currently has an average rating of “Sell”.

Institutional Trading of Twin Vee PowerCats

A number of hedge funds have recently bought and sold shares of the company. Two Sigma Investments LP acquired a new stake in Twin Vee PowerCats during the third quarter worth approximately $67,000. Everstar Asset Management LLC acquired a new stake in Twin Vee PowerCats during the first quarter worth approximately $64,000. Finally, Keebeck Wealth Management acquired a new stake in Twin Vee PowerCats during the first quarter worth approximately $103,000. Institutional investors and hedge funds own 15.57% of the company’s stock.

Twin Vee PowerCats Stock Performance

VEEE traded down $0.82 on Friday, hitting $5.72. 77,665 shares of the company were exchanged, compared to its average volume of 179,013. The business’s fifty day moving average is $7.29 and its 200 day moving average is $33.80. Twin Vee PowerCats has a fifty-two week low of $5.00 and a fifty-two week high of $128.02. The firm has a market capitalization of $3.02 million, a P/E ratio of -0.04 and a beta of 1.05.

Twin Vee PowerCats (NASDAQ:VEEE) last released its quarterly 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 business had revenue of $3.96 million during the quarter.

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.