Short Interest in Twin Vee PowerCats, Co. (NASDAQ:VEEE) Expands By 81.1%

Twin Vee PowerCats, Co. (NASDAQ:VEEE) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 190,000 shares, an increase of 81.1% from the September 15th total of 104,900 shares. Approximately 10.0% of the shares of the company are sold short. Based on an average daily volume of 1,640,000 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 1,640,000 shares, the days-to-cover ratio is presently 0.1 days. Approximately 10.0% of the shares of the company are sold short.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Twin Vee PowerCats in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Twin Vee PowerCats to a “hold” rating in a report on Saturday, October 11th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Twin Vee PowerCats Stock Performance

NASDAQ VEEE opened at $2.37 on Wednesday. The company has a market capitalization of $3.53 million, a P/E ratio of -0.29 and a beta of 1.07. Twin Vee PowerCats has a one year low of $1.86 and a one year high of $9.30. The stock has a 50 day moving average price of $2.36 and a 200-day moving average price of $2.45.

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

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.