Vision Marine Technologies Inc. (NASDAQ:VMAR) Short Interest Up 77.9% in August

Vision Marine Technologies Inc. (NASDAQ:VMAR) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 359,932 shares, a growth of 77.9% from the July 30th total of 202,304 shares. Approximately 4,499.2% of the company’s stock are sold short. Based on an average daily volume of 4,906,810 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

VMAR has been the topic of a number of analyst reports. Weiss Ratings raised Vision Marine Technologies from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, August 21st. Wall Street Zen upgraded shares of Vision Marine Technologies to a “hold” rating in a research note on Saturday, June 20th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Vision Marine Technologies Stock Performance

Shares of NASDAQ:VMAR opened at $7.65 on Monday. The company has a market cap of $10,000.00, a P/E ratio of -0.02 and a beta of 0.18. The stock’s 50-day moving average is $10.73 and its 200-day moving average is $104.96. Vision Marine Technologies has a 52-week low of $5.16 and a 52-week high of $6,799.20. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.47 and a current ratio of 1.26.

Vision Marine Technologies (NASDAQ:VMAR) last posted its quarterly earnings data on Monday, July 13th. The company reported ($29.10) earnings per share for the quarter, topping the consensus estimate of ($6,868.26) by $6,839.16. Vision Marine Technologies had a negative return on equity of 350.19% and a negative net margin of 39.82%.The business had revenue of $18.37 million during the quarter, compared to analysts’ expectations of $1.01 million.

Insider Buying and Selling

In other Vision Marine Technologies news, major shareholder Financial Lp Hrt bought 23,458 shares of the stock in a transaction on Tuesday, June 16th. The shares were purchased at an average cost of $2.90 per share, with a total value of $68,028.20. Following the completion of the transaction, the insider directly owned 20,247 shares of the company’s stock, valued at $58,716.30. This represents a -730.55% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders have acquired 30,405 shares of company stock worth $223,739 and have sold 9,113 shares worth $160,288. 40.40% of the stock is owned by insiders.

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.