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

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

Twin Vee Powercats Stock Performance

VEEE stock remained flat at $0.49 during trading on Thursday. 36,497 shares of the company traded hands, compared to its average volume of 156,537. The firm has a fifty day moving average price of $0.52 and a 200 day moving average price of $0.57. The company has a market capitalization of $4.64 million, a price-to-earnings ratio of -0.50 and a beta of 1.28. The company has a quick ratio of 3.38, a current ratio of 4.29 and a debt-to-equity ratio of 0.10. Twin Vee Powercats has a 1-year low of $0.33 and a 1-year high of $1.77.

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

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.