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

Twin Vee Powercats Co. (NASDAQ:VEEE) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 11,300 shares, a decline of 43.2% from the March 15th total of 19,900 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average trading volume of 50,300 shares, the short-interest ratio is presently 0.2 days.

Twin Vee Powercats Trading Down 5.4 %

NASDAQ:VEEE opened at $2.65 on Thursday. The firm has a market capitalization of $3.94 million, a price-to-earnings ratio of -2.52 and a beta of 1.06. The business’s 50-day moving average price is $3.72 and its two-hundred day moving average price is $4.29. The company has a current ratio of 4.00, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. Twin Vee Powercats has a 1-year low of $2.13 and a 1-year high of $9.42.

Twin Vee Powercats (NASDAQ:VEEE) last released its quarterly earnings results on Thursday, March 20th. The company reported ($3.50) earnings per share for the quarter. The company had revenue of $1.88 million during the quarter. Twin Vee Powercats had a negative net margin of 54.41% and a negative return on equity of 28.19%.

About Twin Vee Powercats

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.