Twin Vee Powercats Co. (NASDAQ:VEEE) Short Interest Up 35.0% in January

Twin Vee Powercats Co. (NASDAQ:VEEE) saw a significant increase in short interest in January. As of January 15th, there was short interest totalling 268,700 shares, an increase of 35.0% from the December 31st total of 199,100 shares. Approximately 2.6% of the shares of the stock are sold short. Based on an average daily volume of 840,700 shares, the days-to-cover ratio is currently 0.3 days.

Twin Vee Powercats Price Performance

Shares of NASDAQ:VEEE traded up $0.01 on Friday, reaching $0.42. The company’s stock had a trading volume of 52,551 shares, compared to its average volume of 1,089,017. The company has a 50-day simple moving average of $0.42 and a 200 day simple moving average of $0.47. Twin Vee Powercats has a 52-week low of $0.31 and a 52-week high of $1.37. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 4.00. The company has a market cap of $4.02 million, a P/E ratio of -0.40 and a beta of 1.04.

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.