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

Twin Vee PowerCats, Co. (NASDAQ:VEEE) was the target of a significant decline in short interest during the month of August. As of August 15th, there was short interest totaling 51,400 shares, adeclineof42.1% from the July 31st total of 88,700 shares. Based on an average trading volume of 318,700 shares, the days-to-cover ratio is presently 0.2 days. Currently,2.7% of the company’s stock are sold short. Currently,2.7% of the company’s stock are sold short. Based on an average trading volume of 318,700 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Twin Vee PowerCats from a “sell” rating to a “hold” rating in a report on Saturday, August 9th.

Twin Vee PowerCats Price Performance

NASDAQ VEEE opened at $2.84 on Monday. The company has a market capitalization of $4.23 million, a price-to-earnings ratio of -0.35 and a beta of 0.97. Twin Vee PowerCats has a 12 month low of $1.86 and a 12 month high of $9.30. The company’s fifty day moving average price is $2.21 and its two-hundred day moving average price is $2.72.

Twin Vee PowerCats (NASDAQ:VEEE) last released its earnings results on Thursday, August 7th. The company reported ($0.49) earnings per share for the quarter. The company had revenue of $4.76 million during the quarter. Twin Vee PowerCats had a negative return on equity of 57.79% and a negative net margin of 96.11%.

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.