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

Twin Vee Powercats Co. (NASDAQ:VEEE) was the target of a significant decline in short interest during the month of December. As of December 15th, there was short interest totalling 186,000 shares, a decline of 15.6% from the November 30th total of 220,400 shares. Approximately 2.4% of the company’s stock are sold short. Based on an average trading volume of 423,900 shares, the days-to-cover ratio is currently 0.4 days.

Twin Vee Powercats Stock Performance

VEEE opened at $0.36 on Tuesday. 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 business’s 50-day simple moving average is $0.44 and its 200 day simple moving average is $0.50. The firm has a market capitalization of $3.41 million, a PE ratio of -0.34 and a beta of 1.18. Twin Vee Powercats has a 52-week low of $0.31 and a 52-week high of $1.54.

Twin Vee Powercats Company Profile

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.