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

Vision Marine Technologies Inc. (NASDAQ:VMAR) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 13,000 shares, a decrease of 27.4% from the April 30th total of 17,900 shares. Currently, 1.2% of the shares of the company are short sold. Based on an average daily volume of 134,500 shares, the days-to-cover ratio is currently 0.1 days.

Vision Marine Technologies Stock Performance

VMAR stock traded up $1.00 on Friday, hitting $8.88. The company’s stock had a trading volume of 50,583 shares, compared to its average volume of 181,400. The firm has a 50 day moving average of $6.32 and a two-hundred day moving average of $11.60. Vision Marine Technologies has a 1 year low of $4.04 and a 1 year high of $1,025.33. The stock has a market cap of $8.71 million, a price-to-earnings ratio of -0.07 and a beta of 0.05. The company has a current ratio of 2.88, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05.

Vision Marine Technologies (NASDAQ:VMAR) last released its quarterly earnings results on Tuesday, April 8th. The company reported ($3.89) EPS for the quarter, beating the consensus estimate of ($233.17) by $229.28. The firm had revenue of $0.07 million during the quarter, compared to the consensus estimate of $0.97 million. Vision Marine Technologies had a negative net margin of 662.47% and a negative return on equity of 225.21%. Equities analysts predict that Vision Marine Technologies will post -90 EPS for the current fiscal year.

About Vision Marine Technologies

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.