Twin Vee Powercats Co. (NASDAQ:VEEE – Get Rating) was the recipient of a significant drop in short interest in the month of December. As of December 30th, there was short interest totalling 19,700 shares, a drop of 39.8% from the December 15th total of 32,700 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 36,200 shares, the days-to-cover ratio is presently 0.5 days.

Hedge Funds Weigh In On Twin Vee Powercats

Institutional investors have recently added to or reduced their stakes in the company. Two Sigma Investments LP purchased a new position in shares of Twin Vee Powercats in the 3rd quarter worth approximately $93,000. Warberg Asset Management LLC purchased a new position in shares of Twin Vee Powercats in the 3rd quarter worth approximately $99,000. Vanguard Group Inc. purchased a new position in shares of Twin Vee Powercats in the 1st quarter worth approximately $145,000. Altium Capital Management LP purchased a new position in shares of Twin Vee Powercats in the 3rd quarter worth approximately $165,000. Finally, UMB Bank n.a. purchased a new position in shares of Twin Vee Powercats in the 3rd quarter worth approximately $222,000. Hedge funds and other institutional investors own 22.42% of the company's stock.

Twin Vee Powercats Trading Up 9.0 %

VEEE traded up $0.19 on Thursday, hitting $2.30. 3,932 shares of the company's stock traded hands, compared to its average volume of 42,370. The company's 50 day simple moving average is $1.96 and its 200-day simple moving average is $2.89. The firm has a market cap of $16.15 million, a price-to-earnings ratio of -3.98 and a beta of 1.25. Twin Vee Powercats has a one year low of $1.62 and a one year high of $8.80.

Wall Street Analysts Forecast Growth

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

About Twin Vee Powercats

(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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