Twin Vee PowerCats, Co. (NASDAQ:VEEE) Short Interest Down 49.2% in April
by Scott Moore · The Cerbat GemTwin Vee PowerCats, Co. (NASDAQ:VEEE – Get Free Report) saw a large decrease in short interest in April. As of April 30th, there was short interest totaling 394,355 shares, a decrease of 49.2% from the April 15th total of 775,961 shares. Currently, 206.5% of the shares of the company are short sold. Based on an average trading volume of 1,220,646 shares, the days-to-cover ratio is presently 0.3 days.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the stock. Wall Street Zen upgraded shares of Twin Vee PowerCats to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings downgraded shares of Twin Vee PowerCats from a “sell (e+)” rating to a “sell (e)” rating in a research report on Thursday, May 7th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.
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Twin Vee PowerCats Price Performance
VEEE stock opened at $6.76 on Friday. Twin Vee PowerCats has a 1-year low of $5.00 and a 1-year high of $128.02. The business has a 50 day simple moving average of $9.88 and a two-hundred day simple moving average of $43.23. The company has a market capitalization of $1.58 million, a price-to-earnings ratio of -0.05 and a beta of 0.94.
Twin Vee PowerCats (NASDAQ:VEEE – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported ($12.93) earnings per share (EPS) for the quarter. Twin Vee PowerCats had a negative net margin of 59.92% and a negative return on equity of 51.34%. The company had revenue of $3.96 million for the quarter.
Institutional Trading of Twin Vee PowerCats
Several hedge funds have recently bought and sold shares of the stock. Keebeck Wealth Management purchased a new stake in Twin Vee PowerCats in the 1st quarter worth $103,000. Everstar Asset Management LLC purchased a new position in shares of Twin Vee PowerCats during the first quarter valued at about $64,000. Finally, Two Sigma Investments LP bought a new stake in shares of Twin Vee PowerCats in the third quarter worth about $67,000. Hedge funds and other institutional investors own 15.57% of the company’s stock.
Twin Vee PowerCats Company Profile
Twin Vee PowerCats (NASDAQ: VEEE) is a U.S.-based designer, manufacturer and marketer of high-performance power catamarans. The company specializes in vacuum-infused fiberglass composite construction, producing vessels that combine speed, stability and fuel efficiency. Twin Vee’s product range spans models for both recreational boating enthusiasts and commercial operators, with applications including day cruising, fishing, passenger transport, law enforcement and tourism.
Founded in 1997 by Gregg Seskin and Andy Pastras, Twin Vee has built a reputation for innovation in catamaran design and marine engineering.