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.
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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
VEEE traded up $0.19 during midday trading on Friday, reaching $2.30. 3,932 shares of the company's stock traded hands, compared to its average volume of 42,370. Twin Vee Powercats has a 52 week low of $1.62 and a 52 week high of $8.80. The firm has a fifty day moving average of $1.97 and a two-hundred day moving average of $2.88. The stock has a market capitalization of $16.15 million, a price-to-earnings ratio of -4.34 and a beta of 1.25.
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
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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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