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

Vision Marine Technologies Inc. (NASDAQ:VMAR) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totalling 104,900 shares, a decrease 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 short-interest ratio is currently 0.0 days. Approximately 4.2% of the company’s shares are sold short.

Institutional Investors Weigh In On Vision Marine Technologies

A hedge fund recently raised its stake in Vision Marine Technologies stock. National Bank of Canada FI increased its holdings in shares of Vision Marine Technologies Inc. (NASDAQ:VMAR) by 9,219.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 approximately 0.52% of Vision Marine Technologies worth $46,000 as of its most recent SEC filing. Institutional investors own 53.79% of the company’s stock.

Vision Marine Technologies Trading Down 23.7 %

Vision Marine Technologies stock traded down $0.51 during mid-day trading on Monday, hitting $1.64. 3,772,085 shares of the company’s stock were exchanged, compared to its average volume of 25,766,754. The company has a quick ratio of 0.42, a current ratio of 1.50 and a debt-to-equity ratio of 0.16. The company’s 50 day simple moving average is $2.06 and its 200-day simple moving average is $3.36. Vision Marine Technologies has a fifty-two week low of $1.30 and a fifty-two week high of $136.35. The firm has a market capitalization of $1.28 million, a P/E ratio of -0.01 and a beta of -0.09.

Vision Marine Technologies (NASDAQ:VMAR) last announced its 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 net margin of 419.71% and a negative return on equity of 206.29%. On average, equities analysts anticipate that Vision Marine Technologies will post -90 earnings per share for the current 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.