Twin Vee Powercats Co. (NASDAQ:VEEE) Short Interest Down 84.8% in March

Twin Vee Powercats Co. (NASDAQ:VEEE) was the recipient of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 19,900 shares, a decrease of 84.8% from the February 28th total of 131,100 shares. Based on an average daily trading volume, of 516,400 shares, the short-interest ratio is presently 0.0 days. Approximately 0.2% of the company’s stock are short sold.

Twin Vee Powercats Stock Down 1.3 %

Shares of NASDAQ:VEEE opened at $0.35 on Friday. Twin Vee Powercats has a fifty-two week low of $0.31 and a fifty-two week high of $1.02. The firm’s 50 day moving average price is $0.41 and its 200 day moving average price is $0.45. The company has a quick ratio of 3.13, a current ratio of 4.00 and a debt-to-equity ratio of 0.11. The stock has a market cap of $3.33 million, a price-to-earnings ratio of -0.33 and a beta of 0.98.

Twin Vee Powercats (NASDAQ:VEEE) last posted its earnings results on Thursday, March 20th. The company reported ($0.35) EPS for the quarter. The business had revenue of $1.88 million during the quarter. Twin Vee Powercats had a negative net margin of 54.41% and a negative return on equity of 28.19%.

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.