Vision Marine Technologies Inc. (NASDAQ:VMAR) Short Interest Update

Vision Marine Technologies Inc. (NASDAQ:VMAR) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totalling 104,900 shares, a decline of 67.0% from the December 15th total of 318,300 shares. Based on an average daily trading volume, of 3,560,000 shares, the days-to-cover ratio is presently 0.0 days. Currently, 4.2% of the company’s shares are short sold.

Vision Marine Technologies Stock Performance

NASDAQ:VMAR opened at $1.64 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.50 and a quick ratio of 0.42. The firm has a market cap of $1.28 million, a PE ratio of -0.01 and a beta of -0.09. The firm has a 50 day simple moving average of $2.06 and a 200-day simple moving average of $3.36. Vision Marine Technologies has a 1-year low of $1.30 and a 1-year high of $136.35.

Vision Marine Technologies (NASDAQ:VMAR) last issued its quarterly earnings results on Monday, January 13th. The company reported ($1.43) earnings per share for the quarter, topping analysts’ consensus estimates of ($24.18) by $22.75. Vision Marine Technologies had a negative return on equity of 206.29% and a negative net margin of 419.71%. On average, equities analysts expect that Vision Marine Technologies will post -90 EPS for the current year.

Institutional Trading of Vision Marine Technologies

A hedge fund recently raised its stake in Vision Marine Technologies stock. National Bank of Canada FI boosted its stake in Vision Marine Technologies Inc. (NASDAQ:VMAR) by 9,219.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 65,705 shares of the company’s stock after purchasing an additional 65,000 shares during the quarter. National Bank of Canada FI owned about 0.52% of Vision Marine Technologies worth $46,000 as of its most recent filing with the SEC. 53.79% of the stock is owned by institutional investors.

Vision Marine Technologies Company Profile

Vision Marine Technologies Inc designs, develops, manufactures, sells, and rents electric boats in Canada, the United States, and internationally. It offers e-motion electric powertrain technology; e-motion electric outboard powertrain system; electric boats; maintenance, repair, and customer support services; as well as manufactures customized boats.