Vision Marine Technologies Inc. (NASDAQ:VMAR) Short Interest Up 80.6% in September

Vision Marine Technologies Inc. (NASDAQ:VMAR) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 265,000 shares, a growth of 80.6% from the September 15th total of 146,700 shares. Approximately 10.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 631,700 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 631,700 shares, the days-to-cover ratio is presently 0.4 days. Approximately 10.8% of the shares of the stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Vision Marine Technologies stock. FNY Investment Advisers LLC lifted its holdings in shares of Vision Marine Technologies Inc. (NASDAQ:VMAR) by 47,079.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,179 shares of the company’s stock after purchasing an additional 47,079 shares during the quarter. FNY Investment Advisers LLC owned 4.81% of Vision Marine Technologies worth $365,000 at the end of the most recent quarter. Institutional investors and hedge funds own 53.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e)” rating on shares of Vision Marine Technologies in a report on Tuesday, October 14th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Vision Marine Technologies has a consensus rating of “Sell”.

Vision Marine Technologies Stock Down 0.6%

Shares of NASDAQ VMAR opened at $1.59 on Wednesday. Vision Marine Technologies has a 12 month low of $1.25 and a 12 month high of $42.00. The company has a current ratio of 3.93, a quick ratio of 2.64 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $1.56 million, a price-to-earnings ratio of -0.01 and a beta of 0.21. The business has a 50-day moving average of $1.55 and a 200-day moving average of $4.87.

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.