Twin Vee PowerCats, Co. (NASDAQ:VEEE) Short Interest Down 88.6% in May

Twin Vee PowerCats, Co. (NASDAQ:VEEE) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 45,078 shares, a decrease of 88.6% from the April 30th total of 394,355 shares. Based on an average daily trading volume, of 629,867 shares, the short-interest ratio is presently 0.1 days. Approximately 10.4% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Two Sigma Investments LP bought a new position in shares of Twin Vee PowerCats during the 3rd quarter valued at approximately $67,000. Keebeck Wealth Management purchased a new stake in Twin Vee PowerCats in the first quarter worth $103,000. Finally, Everstar Asset Management LLC bought a new position in shares of Twin Vee PowerCats in the first quarter worth about $64,000. Institutional investors own 15.57% of the company’s stock.

Twin Vee PowerCats Stock Up 4.9%

NASDAQ VEEE traded up $0.33 during trading on Thursday, hitting $7.08. 32,154 shares of the stock traded hands, compared to its average volume of 190,875. Twin Vee PowerCats has a 12-month low of $5.00 and a 12-month high of $128.02. The firm has a 50-day simple moving average of $8.71 and a 200-day simple moving average of $38.57. The company has a market capitalization of $3.75 million, a P/E ratio of -0.05 and a beta of 0.94.

Twin Vee PowerCats (NASDAQ:VEEE) last posted its earnings results on Thursday, May 7th. The company reported ($12.93) 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 firm had revenue of $3.96 million for the quarter.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on VEEE. Weiss Ratings upgraded Twin Vee PowerCats from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, May 22nd. Wall Street Zen downgraded Twin Vee PowerCats from a “hold” rating to a “sell” rating in a research note on Sunday, May 17th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Twin Vee PowerCats has a consensus rating of “Sell”.

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.