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

Twin Vee Powercats Co. (NASDAQ:VEEE) was the target of a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 186,000 shares, a decline of 15.6% from the November 30th total of 220,400 shares. Currently, 2.4% of the shares of the company are short sold. Based on an average trading volume of 423,900 shares, the days-to-cover ratio is currently 0.4 days.

Twin Vee Powercats Stock Performance

VEEE stock traded up $0.00 during trading on Friday, hitting $0.36. The company had a trading volume of 170,193 shares, compared to its average volume of 147,312. The firm has a 50-day moving average price of $0.44 and a 200-day moving average price of $0.50. The company has a quick ratio of 3.13, a current ratio of 4.00 and a debt-to-equity ratio of 0.11. The firm has a market cap of $3.42 million, a PE ratio of -0.34 and a beta of 1.18. Twin Vee Powercats has a 1-year low of $0.31 and a 1-year high of $1.54.

About Twin Vee Powercats

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.