Short Interest in Vision Marine Technologies Inc. (NASDAQ:VMAR) Declines By 15.6%

Vision Marine Technologies Inc. (NASDAQ:VMAR) was the recipient of a large decline in short interest in March. As of March 31st, there was short interest totaling 101,389 shares, a decline of 15.6% from the March 15th total of 120,180 shares. Approximately 135.2% of the company’s stock are short sold. Based on an average trading volume of 80,480 shares, the short-interest ratio is currently 1.3 days.

Vision Marine Technologies Stock Up 4.5%

VMAR stock traded up $0.07 during midday trading on Friday, hitting $1.51. 53,684 shares of the company’s stock were exchanged, compared to its average volume of 114,517. The company has a current ratio of 1.28, a quick ratio of 0.35 and a debt-to-equity ratio of 0.87. Vision Marine Technologies has a 12-month low of $1.40 and a 12-month high of $355.20. The firm has a 50 day moving average price of $2.32 and a 200-day moving average price of $22.70. The stock has a market capitalization of $188,125.00, a price-to-earnings ratio of 0.00 and a beta of 0.42.

Vision Marine Technologies (NASDAQ:VMAR) last posted its quarterly earnings data on Tuesday, April 14th. The company reported ($2.32) earnings per share (EPS) for the quarter, topping the consensus estimate of ($65.34) by $63.02. Vision Marine Technologies had a negative return on equity of 281.97% and a negative net margin of 54.94%.The company had revenue of $10.65 million for the quarter, compared to the consensus estimate of $0.73 million. On average, analysts anticipate that Vision Marine Technologies will post -90 EPS for the current year.

Institutional Investors Weigh In On Vision Marine Technologies

A hedge fund recently bought a new stake in Vision Marine Technologies stock. Sabby Management LLC purchased a new stake in shares of Vision Marine Technologies Inc. (NASDAQ:VMAR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 186,536 shares of the company’s stock, valued at approximately $254,000. Vision Marine Technologies makes up approximately 0.3% of Sabby Management LLC’s portfolio, making the stock its 17th largest holding. Sabby Management LLC owned about 19.03% of Vision Marine Technologies at the end of the most recent reporting period. Institutional investors and hedge funds own 53.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on VMAR shares. Wall Street Zen raised Vision Marine Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Weiss Ratings reissued a “sell (e+)” rating on shares of Vision Marine Technologies in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

About Vision Marine Technologies

Vision Marine Technologies Inc (NASDAQ: VMAR) is a Canadian-based company that designs, develops and manufactures electric recreational boats and propulsion systems. As a cleantech innovator, Vision Marine integrates advanced battery management, digital controls and lightweight composite construction to deliver zero-emission watercraft and electric outboard motors. The company’s modular platform enables boat builders and end users to configure custom hulls and propulsion packages while leveraging onboard connectivity for remote monitoring and performance analytics.

Vision Marine’s product portfolio includes fully electric boat models ranging from compact day-cruisers to larger pontoon-style vessels, as well as a series of high-efficiency electric outboard motors.