Twin Vee Powercats Co. (NASDAQ:VEEE) Sees Significant Growth in Short Interest

Twin Vee Powercats Co. (NASDAQ:VEEEGet Rating) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 57,500 shares, a growth of 31.3% from the August 15th total of 43,800 shares. Currently, 2.5% of the company’s shares are sold short. Based on an average daily trading volume, of 1,430,000 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On Twin Vee Powercats

Hedge funds and other institutional investors have recently modified their holdings of the company. Diametric Capital LP acquired a new position in shares of Twin Vee Powercats in the 4th quarter valued at about $64,000. Vanguard Group Inc. acquired a new position in shares of Twin Vee Powercats in the 1st quarter valued at about $145,000. Northeast Financial Consultants Inc acquired a new position in shares of Twin Vee Powercats in the 4th quarter valued at about $229,000. Finally, Bard Associates Inc. lifted its stake in shares of Twin Vee Powercats by 2.0% in the 2nd quarter. Bard Associates Inc. now owns 242,775 shares of the company’s stock valued at $653,000 after purchasing an additional 4,775 shares in the last quarter. 6.96% of the stock is owned by institutional investors and hedge funds.

Twin Vee Powercats Price Performance

VEEE opened at $4.01 on Friday. The stock has a market capitalization of $28.07 million, a price-to-earnings ratio of -8.72 and a beta of 1.15. The business has a 50-day moving average of $4.23 and a two-hundred day moving average of $3.66. Twin Vee Powercats has a 12 month low of $2.31 and a 12 month high of $8.80.

About Twin Vee Powercats

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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.

Further Reading

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