Twin Vee Powercats Co. (NASDAQ:VEEE – Get Rating) was the target of a large decrease in short interest during the month of December. As of December 30th, there was short interest totalling 19,700 shares, a decrease of 39.8% from the December 15th total of 32,700 shares. Approximately 0.4% of the company's shares are short sold. Based on an average daily volume of 36,200 shares, the short-interest ratio is presently 0.5 days.

Wall Street Analysts Forecast Growth

Separately, TheStreet lowered Twin Vee Powercats from a "c-" rating to a "d" rating in a research report on Monday, October 31st.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in VEEE. UMB Bank n.a. purchased a new position in shares of Twin Vee Powercats during the 3rd quarter worth approximately $222,000. Altium Capital Management LP purchased a new stake in shares of Twin Vee Powercats in the 3rd quarter worth approximately $165,000. Warberg Asset Management LLC bought a new position in Twin Vee Powercats during the 3rd quarter valued at approximately $99,000. Vanguard Group Inc. raised its stake in Twin Vee Powercats by 112.4% during the third quarter. Vanguard Group Inc. now owns 73,692 shares of the company's stock valued at $180,000 after buying an additional 39,000 shares during the last quarter. Finally, Two Sigma Investments LP bought a new stake in Twin Vee Powercats in the third quarter worth $93,000. Hedge funds and other institutional investors own 22.42% of the company's stock.

Twin Vee Powercats Price Performance

Twin Vee Powercats (NASDAQ:VEEE – Get Rating) last posted its earnings results on Tuesday, November 8th. The company reported ($0.09) earnings per share for the quarter. Twin Vee Powercats had a negative return on equity of 13.22% and a negative net margin of 12.08%. The firm had revenue of $8.81 million for the quarter.

Twin Vee Powercats Company Profile

(Get Rating)

Twin Vee PowerCats Co designs, manufactures, and markets recreational and commercial power catamaran boats. The company operated through 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, including fishing, diving, and water skiing; and commercial activities, including transportation, eco tours, fishing and diving expeditions.

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