Vision Marine Technologies Inc. (NASDAQ:VMAR) Sees Significant Growth in Short Interest

Vision Marine Technologies Inc. (NASDAQ:VMAR) was the target of a large growth in short interest in January. As of January 15th, there was short interest totalling 1,170,000 shares, a growth of 1,015.3% from the December 31st total of 104,900 shares. Based on an average trading volume of 4,870,000 shares, the short-interest ratio is presently 0.2 days. Approximately 33.2% of the company’s shares are short sold.

Vision Marine Technologies Trading Up 5.8 %

VMAR traded up $0.07 during trading on Friday, hitting $1.28. 591,065 shares of the stock were exchanged, compared to its average volume of 13,330,866. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.16 and a current ratio of 2.88. The firm has a 50 day simple moving average of $1.68 and a 200 day simple moving average of $2.86. The firm has a market cap of $998,400.00, a price-to-earnings ratio of -0.01 and a beta of -0.09. Vision Marine Technologies has a 1 year low of $1.21 and a 1 year high of $136.35.

Vision Marine Technologies (NASDAQ:VMAR) last released its quarterly earnings data on Monday, January 13th. The company reported ($1.43) earnings per share for the quarter, beating the consensus estimate of ($24.18) by $22.75. Vision Marine Technologies had a negative return on equity of 225.21% and a negative net margin of 662.47%. As a group, equities analysts expect that Vision Marine Technologies will post -90 EPS 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.