Twin Vee PowerCats, Co. (NASDAQ:VEEE) Stock Short Interest Report for September

Twin Vee PowerCats, Co. (NASDAQ:VEEE) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 58,315 shares, a growth of 150.6% from the September 15th total of 23,267 shares. Currently, 10.4% of the shares of the stock are short sold. Based on an average daily volume of 2,829,468 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

VEEE has been the subject of several recent research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Twin Vee PowerCats in a research report on Wednesday, August 19th. Wall Street Zen cut Twin Vee PowerCats from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Twin Vee PowerCats currently has a consensus rating of “Sell”.

Twin Vee PowerCats Trading Up 6.9%

Shares of NASDAQ:VEEE opened at $9.63 on Wednesday. Twin Vee PowerCats has a 52 week low of $4.16 and a 52 week high of $127.65. The firm has a market capitalization of $5.59 million, a P/E ratio of -0.09 and a beta of 0.89. The firm’s 50 day moving average is $10.70 and its two-hundred day moving average is $9.95.

Twin Vee PowerCats (NASDAQ:VEEE) last released its quarterly earnings results on Thursday, August 6th. The company reported ($5.07) earnings per share (EPS) for the quarter. The business had revenue of $3.13 million during the quarter. Twin Vee PowerCats had a negative return on equity of 67.71% and a negative net margin of 76.31%.

Insiders Place Their Bets

In related news, major shareholder Financial Lp Hrt sold 49,505 shares of Twin Vee PowerCats stock in a transaction on Monday, July 27th. The stock was sold at an average price of $18.12, for a total transaction of $897,030.60. Following the completion of the transaction, the insider directly owned 5,523 shares of the company’s stock, valued at approximately $100,076.76. The trade was a 89.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 4.10% of the company’s stock.

Institutional Investors Weigh In On Twin Vee PowerCats

A hedge fund recently bought a new stake in Twin Vee PowerCats stock. Keebeck Wealth Management purchased a new stake in shares of Twin Vee PowerCats, Co. (NASDAQ:VEEE) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,811 shares of the company’s stock, valued at approximately $56,000. Keebeck Wealth Management owned 1.90% of Twin Vee PowerCats at the end of the most recent reporting period. 15.57% of the stock is currently owned by hedge funds and other institutional investors.

Twin Vee PowerCats Company Profile

Twin Vee PowerCats Co is a recreational boat manufacturer based in Fort Pierce, Florida. The company designs, manufactures and sells fiberglass power catamarans under the Twin Vee brand, serving recreational boaters, offshore anglers and commercial operators.

Twin Vee’s product lineup includes power catamarans in various sizes and configurations, with features intended for offshore fishing, cruising, family recreation and watersports. The company also markets boats under the AquaSport brand, which focuses primarily on center-console and other recreational vessels.