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

Vision Marine Technologies Inc. (NASDAQ:VMARGet Rating) was the recipient of a significant decrease in short interest during the month of December. As of December 30th, there was short interest totalling 900 shares, a decrease of 47.1% from the December 15th total of 1,700 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 13,400 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Vision Marine Technologies

A hedge fund recently bought a new stake in Vision Marine Technologies stock. UBS Group AG acquired a new stake in Vision Marine Technologies Inc. (NASDAQ:VMARGet Rating) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,973 shares of the company’s stock, valued at approximately $25,000. UBS Group AG owned 0.06% of Vision Marine Technologies as of its most recent SEC filing. 1.32% of the stock is currently owned by institutional investors and hedge funds.

Vision Marine Technologies Stock Up 0.3 %

VMAR stock opened at $4.44 on Wednesday. The company has a market cap of $37.38 million, a price-to-earnings ratio of -2.85 and a beta of -0.04. Vision Marine Technologies has a twelve month low of $3.35 and a twelve month high of $8.79. The business has a 50 day moving average price of $4.69 and a two-hundred day moving average price of $5.27. The company has a quick ratio of 3.31, a current ratio of 4.04 and a debt-to-equity ratio of 0.08.

Vision Marine Technologies (NASDAQ:VMARGet Rating) last released its earnings results on Wednesday, November 23rd. The company reported ($0.37) earnings per share for the quarter. Vision Marine Technologies had a negative net margin of 223.41% and a negative return on equity of 62.32%. The firm had revenue of $2.62 million during the quarter.

Vision Marine Technologies Company Profile

(Get Rating)

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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