Short Interest in Twin Vee Powercats Co. (NASDAQ:VEEE) Drops By 27.3%

Twin Vee Powercats Co. (NASDAQ:VEEE) was the recipient of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 131,100 shares, a drop of 27.3% from the February 13th total of 180,300 shares. Based on an average trading volume of 515,800 shares, the days-to-cover ratio is currently 0.3 days. Currently, 1.3% of the shares of the company are sold short.

Twin Vee Powercats Stock Performance

Shares of VEEE opened at $0.40 on Monday. The company has a market capitalization of $3.81 million, a PE ratio of -0.38 and a beta of 0.98. Twin Vee Powercats has a one year low of $0.31 and a one year high of $1.23. The company has a debt-to-equity ratio of 0.11, a current ratio of 4.00 and a quick ratio of 3.13. The company’s fifty day moving average price is $0.43 and its 200 day moving average price is $0.46.

Twin Vee Powercats Company Profile

Twin Vee PowerCats Co engages in the design, manufacture, and sale of recreational and commercial power catamaran boats. The firm is focused on designing and developing its products under the ELECTRA Power Sports brand. It operates through the following segments: Gas-Powered Boats, Electric Boat and Development, and Franchise.