Vision Marine Technologies Inc. (NASDAQ:VMAR) Short Interest Up 93.6% in August

Vision Marine Technologies Inc. (NASDAQ:VMAR) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 42,200 shares, a growth of 93.6% from the August 15th total of 21,800 shares. Currently, 5.1% of the company’s stock are sold short. Based on an average trading volume of 54,700 shares, the short-interest ratio is currently 0.8 days.

Analyst Ratings Changes

Separately, Ascendiant Capital Markets decreased their target price on Vision Marine Technologies from $2.50 to $2.00 and set a “buy” rating for the company in a report on Monday, July 29th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Vision Marine Technologies stock. National Bank of Canada FI raised its stake in Vision Marine Technologies Inc. (NASDAQ:VMAR) by 9,219.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 65,705 shares of the company’s stock after acquiring an additional 65,000 shares during the quarter. National Bank of Canada FI owned approximately 0.52% of Vision Marine Technologies worth $46,000 at the end of the most recent reporting period. 53.79% of the stock is owned by institutional investors and hedge funds.

Vision Marine Technologies Trading Down 48.0 %

Shares of Vision Marine Technologies stock traded down $0.72 on Friday, reaching $0.78. 35,049,899 shares of the stock were exchanged, compared to its average volume of 174,501. The company has a current ratio of 2.24, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. Vision Marine Technologies has a twelve month low of $0.66 and a twelve month high of $53.25. The business has a 50 day moving average price of $0.98 and a two-hundred day moving average price of $0.75.

Vision Marine Technologies (NASDAQ:VMAR) last released its earnings results on Monday, July 15th. The company reported ($0.18) EPS for the quarter. Vision Marine Technologies had a negative return on equity of 165.58% and a negative net margin of 330.67%. The firm had revenue of $0.47 million for the quarter.

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.