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

Twin Vee Powercats Co. (NASDAQ:VEEE) was the recipient of a significant increase in short interest in the month of 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. Based on an average trading volume of 433,900 shares, the days-to-cover ratio is currently 0.9 days. Currently, 6.9% of the shares of the company are sold short.

Twin Vee Powercats Price Performance

VEEE stock remained flat at $0.49 during midday trading on Thursday. The company’s stock had a trading volume of 36,497 shares, compared to its average volume of 156,537. The stock has a market cap of $4.64 million, a price-to-earnings ratio of -0.50 and a beta of 1.28. The stock’s fifty day moving average price is $0.52 and its 200 day moving average price is $0.57. Twin Vee Powercats has a 12 month low of $0.33 and a 12 month 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.

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

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.