Twin Vee PowerCats, Co. (NASDAQ:VEEE) Short Interest Up 135.2% in September

Twin Vee PowerCats, Co. (NASDAQ:VEEE) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 104,900 shares, an increase of 135.2% from the August 31st total of 44,600 shares. Approximately 5.5% of the shares of the company are short sold. Based on an average daily trading volume, of 1,620,000 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 1,620,000 shares, the days-to-cover ratio is currently 0.1 days. Approximately 5.5% of the shares of the company are short sold.

Analyst Ratings Changes

A number of research analysts have weighed in on VEEE shares. Wall Street Zen upgraded shares of Twin Vee PowerCats from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Twin Vee PowerCats in a report on Saturday, September 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Twin Vee PowerCats Stock Up 1.8%

Shares of NASDAQ:VEEE opened at $2.78 on Monday. The company has a 50-day moving average price of $2.31 and a two-hundred day moving average price of $2.52. Twin Vee PowerCats has a twelve month low of $1.86 and a twelve month high of $9.30. The firm has a market capitalization of $4.13 million, a PE ratio of -0.35 and a beta of 1.07.

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

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.