Twin Vee Powercats Co. (NASDAQ:VEEE) Sees Significant Decline in Short Interest

Twin Vee Powercats Co. (NASDAQ:VEEE) was the recipient of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 19,900 shares, a decline of 84.8% from the February 28th total of 131,100 shares. Based on an average daily volume of 516,400 shares, the short-interest ratio is currently 0.0 days. Currently, 0.2% of the company’s shares are sold short.

Twin Vee Powercats Stock Up 0.8 %

Shares of VEEE traded up $0.00 during trading hours on Wednesday, hitting $0.35. The stock had a trading volume of 64,592 shares, compared to its average volume of 470,149. The company has a debt-to-equity ratio of 0.11, a current ratio of 4.00 and a quick ratio of 3.13. Twin Vee Powercats has a 1-year low of $0.31 and a 1-year high of $1.14. The firm has a 50 day simple moving average of $0.41 and a 200-day simple moving average of $0.46. The firm has a market capitalization of $3.37 million, a P/E ratio of -0.34 and a beta of 0.98.

Twin Vee Powercats (NASDAQ:VEEE) last announced its earnings results on Thursday, March 20th. The company reported ($0.35) earnings per share for the quarter. Twin Vee Powercats had a negative return on equity of 28.19% and a negative net margin of 54.41%. The business had revenue of $1.88 million during the quarter.

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.