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

Twin Vee Powercats Co. (NASDAQ:VEEE) saw a significant decrease in short interest in February. As of February 28th, there was short interest totalling 131,100 shares, a decrease of 27.3% from the February 13th total of 180,300 shares. Currently, 1.3% of the company’s stock are sold short. Based on an average trading volume of 515,800 shares, the short-interest ratio is presently 0.3 days.

Twin Vee Powercats Stock Down 0.3 %

Shares of VEEE stock opened at $0.40 on Tuesday. The firm has a fifty day moving average of $0.42 and a 200-day moving average of $0.46. The company has a quick ratio of 3.13, a current ratio of 4.00 and a debt-to-equity ratio of 0.11. Twin Vee Powercats has a 12-month low of $0.31 and a 12-month high of $1.23. The company has a market capitalization of $3.79 million, a price-to-earnings ratio of -0.38 and a beta of 0.98.

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.