Twin Vee Powercats Co. (NASDAQ:VEEE) Short Interest Update

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

Twin Vee Powercats Stock Performance

NASDAQ VEEE opened at $0.35 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 4.00. The stock’s fifty day moving average is $0.41 and its two-hundred day moving average is $0.45. 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 has a fifty-two week low of $0.31 and a fifty-two week high of $1.14.

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

About Twin Vee Powercats

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.