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

Vision Marine Technologies Inc. (NASDAQ:VMARGet Rating) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 1,100 shares, a decrease of 96.2% from the August 15th total of 29,100 shares. Based on an average daily volume of 53,600 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.1% of the company’s stock are short sold.

Vision Marine Technologies Trading Down 1.9 %

NASDAQ:VMAR opened at $6.03 on Wednesday. The company’s 50 day moving average price is $6.11 and its 200-day moving average price is $5.42. Vision Marine Technologies has a 52 week low of $3.35 and a 52 week high of $8.79. The company has a quick ratio of 3.83, a current ratio of 4.81 and a debt-to-equity ratio of 0.08. The stock has a market cap of $50.20 million, a price-to-earnings ratio of -4.60 and a beta of -0.34.

Vision Marine Technologies (NASDAQ:VMARGet Rating) last issued its earnings results on Tuesday, July 12th. The company reported ($0.19) EPS for the quarter. Vision Marine Technologies had a negative net margin of 207.59% and a negative return on equity of 45.29%. The business had revenue of $1.59 million for the quarter.

Institutional Investors Weigh In On Vision Marine Technologies

A hedge fund recently bought a new stake in Vision Marine Technologies stock. Greenleaf Trust purchased a new stake in shares of Vision Marine Technologies Inc. (NASDAQ:VMARGet Rating) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 10,200 shares of the company’s stock, valued at approximately $67,000. Greenleaf Trust owned about 0.12% of Vision Marine Technologies as of its most recent SEC filing. Hedge funds and other institutional investors own 1.30% of the company’s stock.

About Vision Marine Technologies

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Vision Marine Technologies Inc designs, develops, and manufactures electric outboard powertrain systems and electric boats in Canada, the United States, and internationally. It operates in two segments, Sale of Electric Boats and Rental of Electric Boats. The company offers outboard motors, boat parts, and related maintenance services.

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