Twin Vee Powercats Co. (NASDAQ:VEEE) Sees Large Increase in Short Interest

Twin Vee Powercats Co. (NASDAQ:VEEE) was the recipient of a significant increase in short interest in October. As of October 31st, there was short interest totalling 375,800 shares, an increase of 247.3% from the October 15th total of 108,200 shares. Currently, 6.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 433,900 shares, the short-interest ratio is currently 0.9 days.

Twin Vee Powercats Price Performance

Twin Vee Powercats stock traded up $0.01 during mid-day trading on Tuesday, reaching $0.52. The company had a trading volume of 3,828 shares, compared to its average volume of 157,490. The stock’s 50-day simple moving average is $0.52 and its 200-day simple moving average is $0.57. Twin Vee Powercats has a 1 year low of $0.33 and a 1 year high of $1.77. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.29 and a quick ratio of 3.38. The company has a market capitalization of $4.91 million, a P/E ratio of -0.52 and a beta of 1.28.

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

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.