Twin Vee PowerCats, Co. (NASDAQ:VEEE) Short Interest Update

Twin Vee PowerCats, Co. (NASDAQ:VEEE) was the target of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 7,041 shares, a decrease of 67.1% from the June 15th total of 21,409 shares. Based on an average daily trading volume, of 31,141 shares, the short-interest ratio is presently 0.2 days. Currently, 1.6% of the shares of the company are sold short.

Twin Vee PowerCats Stock Performance

Shares of NASDAQ VEEE opened at $4.82 on Monday. Twin Vee PowerCats has a one year low of $4.16 and a one year high of $128.02. The firm has a market capitalization of $2.55 million, a P/E ratio of -0.04 and a beta of 1.08. The company’s fifty day moving average is $6.05 and its two-hundred day moving average is $23.50.

Twin Vee PowerCats (NASDAQ:VEEE) last announced its quarterly earnings results 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 during the quarter.

Institutional Investors Weigh In On Twin Vee PowerCats

A number of hedge funds and other institutional investors have recently modified their holdings of VEEE. Two Sigma Investments LP purchased a new stake in shares of Twin Vee PowerCats during the 3rd quarter worth approximately $67,000. Everstar Asset Management LLC purchased a new position in Twin Vee PowerCats in the 1st quarter valued at approximately $64,000. Finally, Keebeck Wealth Management acquired a new position in Twin Vee PowerCats during the first quarter worth $103,000. 15.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Weiss Ratings raised 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 shares of Twin Vee PowerCats from a “hold” rating to a “sell” rating in a research report on Sunday, May 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Twin Vee PowerCats currently has a consensus rating of “Sell”.

About Twin Vee PowerCats

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.