Vision Marine Technologies Inc. (NASDAQ:VMAR) Short Interest Up 527.4% in December

Vision Marine Technologies Inc. (NASDAQ:VMAR) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 1,971,298 shares, an increase of 527.4% from the November 30th total of 314,221 shares. Based on an average daily volume of 855,969 shares, the short-interest ratio is presently 2.3 days. Currently, 67.4% of the company’s shares are short sold. Currently, 67.4% of the company’s shares are short sold. Based on an average daily volume of 855,969 shares, the short-interest ratio is presently 2.3 days.

Institutional Investors Weigh In On Vision Marine Technologies

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

Vision Marine Technologies Stock Down 9.7%

Shares of NASDAQ:VMAR opened at $0.24 on Thursday. The stock’s 50-day moving average is $1.09 and its 200 day moving average is $3.06. The company has a market cap of $1.18 million, a PE ratio of 0.00 and a beta of 0.23. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 0.44. Vision Marine Technologies has a 1 year low of $0.23 and a 1 year high of $39.00.

Vision Marine Technologies (NASDAQ:VMAR) last issued its quarterly earnings data on Friday, November 28th. The company reported $197,008.60 earnings per share for the quarter, topping analysts’ consensus estimates of ($1.55) by $197,010.15. The firm had revenue of $9.69 million for the quarter, compared to analyst estimates of $0.70 million. Vision Marine Technologies had a negative return on equity of 198.37% and a negative net margin of 156.52%. Sell-side analysts anticipate that Vision Marine Technologies will post -90 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e)” rating on shares of Vision Marine Technologies in a research report on Monday, December 15th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Vision Marine Technologies has a consensus rating of “Sell”.

About Vision Marine Technologies

Vision Marine Technologies Inc (NASDAQ: VMAR) is a Canadian-based company that designs, develops and manufactures electric recreational boats and propulsion systems. As a cleantech innovator, Vision Marine integrates advanced battery management, digital controls and lightweight composite construction to deliver zero-emission watercraft and electric outboard motors. The company’s modular platform enables boat builders and end users to configure custom hulls and propulsion packages while leveraging onboard connectivity for remote monitoring and performance analytics.

Vision Marine’s product portfolio includes fully electric boat models ranging from compact day-cruisers to larger pontoon-style vessels, as well as a series of high-efficiency electric outboard motors.