Twin Vee PowerCats, Co. (NASDAQ:VEEE) Short Interest Up 3,528.5% in July

Twin Vee PowerCats, Co. (NASDAQ:VEEE) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 255,484 shares, an increase of 3,528.5% from the June 30th total of 7,041 shares. Currently, 59.0% of the company’s stock are short sold. Based on an average daily trading volume, of 11,038,542 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of Twin Vee PowerCats

A number of institutional investors and hedge funds have recently modified their holdings of VEEE. Everstar Asset Management LLC bought a new stake in shares of Twin Vee PowerCats during the 1st quarter worth $64,000. Two Sigma Investments LP acquired a new position in Twin Vee PowerCats during the 3rd quarter worth $67,000. Finally, Keebeck Wealth Management acquired a new position in Twin Vee PowerCats during the 1st quarter worth $103,000. 15.57% of the stock is currently owned by institutional investors and hedge funds.

Twin Vee PowerCats Stock Performance

Shares of NASDAQ VEEE opened at $12.97 on Friday. The business’s 50-day simple moving average is $10.05 and its 200-day simple moving average is $20.93. Twin Vee PowerCats has a 52 week low of $4.16 and a 52 week high of $128.02. The firm has a market cap of $6.87 million, a price-to-earnings ratio of -0.10 and a beta of 1.08.

Twin Vee PowerCats (NASDAQ:VEEE) last posted its earnings results on Thursday, May 7th. The company reported ($12.93) earnings per share for the quarter. The company had revenue of $3.96 million during the quarter. Twin Vee PowerCats had a negative return on equity of 51.34% and a negative net margin of 59.92%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on VEEE shares. Weiss Ratings raised shares of Twin Vee PowerCats from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, May 22nd. Wall Street Zen downgraded shares of Twin Vee PowerCats from a “hold” rating to a “sell” rating in a research report on Sunday, May 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

About Twin Vee PowerCats

Twin Vee PowerCats (NASDAQ: VEEE) is a U.S.-based designer, manufacturer and marketer of high-performance power catamarans. The company specializes in vacuum-infused fiberglass composite construction, producing vessels that combine speed, stability and fuel efficiency. Twin Vee’s product range spans models for both recreational boating enthusiasts and commercial operators, with applications including day cruising, fishing, passenger transport, law enforcement and tourism.

Founded in 1997 by Gregg Seskin and Andy Pastras, Twin Vee has built a reputation for innovation in catamaran design and marine engineering.