Short Interest in Twin Vee PowerCats, Co. (NASDAQ:VEEE) Drops By 52.8%

Twin Vee PowerCats, Co. (NASDAQ:VEEE) saw a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 89,700 shares, a drop of 52.8% from the September 30th total of 190,000 shares. Based on an average daily volume of 1,640,000 shares, the short-interest ratio is presently 0.1 days. Approximately 4.7% of the shares of the company are short sold. Approximately 4.7% of the shares of the company are short sold. Based on an average daily volume of 1,640,000 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

Several brokerages have commented on VEEE. Wall Street Zen upgraded Twin Vee PowerCats to a “hold” rating in a report on Saturday, October 11th. Weiss Ratings restated a “sell (e+)” rating on shares of Twin Vee PowerCats in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Twin Vee PowerCats Stock Performance

Shares of VEEE stock opened at $2.14 on Friday. Twin Vee PowerCats has a 52-week low of $1.86 and a 52-week high of $9.30. The stock has a market cap of $3.19 million, a price-to-earnings ratio of -0.27 and a beta of 1.07. The firm has a fifty day moving average of $2.39 and a 200-day moving average of $2.40.

Twin Vee PowerCats (NASDAQ:VEEE) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.49) earnings per share (EPS) for the quarter. The company 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.