Short Interest in Twin Vee Powercats Co. (NASDAQ:VEEE) Declines By 14.5%

Twin Vee Powercats Co. (NASDAQ:VEEE) was the recipient of a large decrease in short interest in October. As of October 15th, there was short interest totalling 108,200 shares, a decrease of 14.5% from the September 30th total of 126,600 shares. Based on an average daily volume of 150,300 shares, the short-interest ratio is currently 0.7 days. Approximately 1.8% of the shares of the company are sold short.

Twin Vee Powercats Stock Performance

Twin Vee Powercats stock traded up $0.03 during trading on Tuesday, reaching $0.58. The company had a trading volume of 84,689 shares, compared to its average volume of 159,704. The firm’s 50-day simple moving average is $0.50 and its 200 day simple moving average is $0.59. Twin Vee Powercats has a 52 week low of $0.33 and a 52 week high of $1.77. The company has a current ratio of 4.29, a quick ratio of 3.38 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $5.49 million, a price-to-earnings ratio of -0.56 and a beta of 1.26.

Twin Vee Powercats (NASDAQ:VEEE) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.13) EPS for the quarter. The company had revenue of $4.33 million during the quarter. Twin Vee Powercats had a negative return on equity of 24.27% and a negative net margin of 43.37%.

Twin Vee Powercats Company Profile

Twin Vee PowerCats Co engages in the design, manufacture, and marketing of recreational and commercial power catamaran boats. It operates in three segments: Gas-Powered Boat, Electric-Powered Boat, and Franchise. The company's boats allow consumers to use them for a range of recreational activities, such as fishing, diving, and water skiing; and commercial activities, including transportation, eco tours, fishing, and diving expeditions.