Short Interest in Vision Marine Technologies Inc. (NASDAQ:VMAR) Decreases By 67.0%

Vision Marine Technologies Inc. (NASDAQ:VMAR) saw a significant 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. Approximately 4.2% of the company’s shares are short sold. Based on an average trading volume of 3,560,000 shares, the short-interest ratio is presently 0.0 days.

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 raised its position in Vision Marine Technologies Inc. (NASDAQ:VMAR) by 9,219.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 0.52% of Vision Marine Technologies worth $46,000 at the end of the most recent quarter. Institutional investors and hedge funds own 53.79% of the company’s stock.

Vision Marine Technologies Stock Performance

Shares of VMAR stock opened at $1.64 on Tuesday. The company has a current ratio of 1.50, a quick ratio of 0.42 and a debt-to-equity ratio of 0.16. The company has a market cap of $1.28 million, a PE ratio of -0.01 and a beta of -0.09. The company’s fifty day simple moving average is $2.06 and its 200-day simple moving average is $3.36. Vision Marine Technologies has a 52 week low of $1.30 and a 52 week high of $136.35.

Vision Marine Technologies (NASDAQ:VMAR) last released its quarterly earnings data on Monday, January 13th. The company reported ($1.43) EPS for the quarter, beating the consensus estimate 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%. As a group, equities research analysts anticipate 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.