Twin Vee PowerCats, Co. (NASDAQ:VEEE) Stock Short Interest Report for October

Twin Vee PowerCats, Co. (NASDAQ:VEEE) was the recipient of a large decrease in short interest during the month of October. As of October 30th, there was short interest totaling 22,901 shares, a decrease of 52.1% from the October 15th total of 47,844 shares. Based on an average daily volume of 37,975 shares, the days-to-cover ratio is presently 0.6 days. Approximately 4.1% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Weiss Ratings restated a “sell (e+)” rating on shares of Twin Vee PowerCats in a report on Wednesday, August 19th. Wall Street Zen raised shares of Twin Vee PowerCats from a “strong sell” rating to a “sell” rating in a report on Saturday, November 7th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has an average rating of “Sell”.

Twin Vee PowerCats Price Performance

NASDAQ VEEE traded up $0.12 during trading hours on Friday, hitting $6.70. 4,812 shares of the company’s stock traded hands, compared to its average volume of 25,785. The company has a market capitalization of $3.89 million, a PE ratio of -0.10 and a beta of 0.91. Twin Vee PowerCats has a 52-week low of $4.16 and a 52-week high of $127.65. The firm’s 50-day moving average is $9.94 and its 200-day moving average is $13.42.

Twin Vee PowerCats (NASDAQ:VEEE) last released its earnings results on Thursday, November 5th. The company reported ($5.19) earnings per share for the quarter. Twin Vee PowerCats had a negative return on equity of 74.92% and a negative net margin of 82.19%. The business had revenue of $2.77 million during the quarter.

Institutional Investors Weigh In On Twin Vee PowerCats

A hedge fund recently bought a new position in Twin Vee PowerCats stock. Keebeck Wealth Management purchased a new stake in Twin Vee PowerCats, Co. (NASDAQ:VEEE) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 400,000 shares of the company’s stock, valued at approximately $103,000. Keebeck Wealth Management owned about 173.91% of Twin Vee PowerCats as of its most recent filing with the Securities and Exchange Commission (SEC). 15.57% of the stock is currently owned by hedge funds and other institutional investors.

Twin Vee PowerCats Company Profile

Twin Vee PowerCats Co. is a recreational and commercial boat manufacturer headquartered in Fort Pierce, Florida. The company designs, manufactures and sells power catamaran boats known for their stability, fuel efficiency and suitability for offshore use. Twin Vee’s product lineup includes boats intended for saltwater fishing, cruising, family recreation and other boating activities. The company markets its vessels under the Twin Vee brand and has also expanded its portfolio through the AquaSport brand, which offers monohull fishing and family-oriented boats.