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

Vision Marine Technologies Inc. (NASDAQ:VMAR) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 101,389 shares, a decline of 15.6% from the March 15th total of 120,180 shares. Based on an average daily trading volume, of 80,480 shares, the short-interest ratio is presently 1.3 days. Approximately 135.2% of the company’s shares are short sold.

Vision Marine Technologies Stock Performance

NASDAQ:VMAR opened at $1.50 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.28 and a quick ratio of 0.35. The firm has a 50-day moving average of $2.29 and a two-hundred day moving average of $22.09. The stock has a market cap of $195,000.00, a P/E ratio of 0.00 and a beta of 0.42. Vision Marine Technologies has a 1-year low of $1.40 and a 1-year high of $355.20.

Vision Marine Technologies (NASDAQ:VMAR) last posted its quarterly earnings data on Tuesday, April 14th. The company reported ($2.32) earnings per share for the quarter, beating analysts’ consensus estimates of ($65.34) by $63.02. The company had revenue of $10.65 million during the quarter, compared to analysts’ expectations of $0.73 million. Vision Marine Technologies had a negative net margin of 54.94% and a negative return on equity of 281.97%. On average, research analysts expect that Vision Marine Technologies will post -90 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vision Marine Technologies

A hedge fund recently bought a new stake in Vision Marine Technologies stock. Sabby Management LLC acquired a new stake in Vision Marine Technologies Inc. (NASDAQ:VMAR) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 186,536 shares of the company’s stock, valued at approximately $254,000. Vision Marine Technologies comprises approximately 0.3% of Sabby Management LLC’s holdings, making the stock its 17th largest position. Sabby Management LLC owned approximately 19.03% of Vision Marine Technologies at the end of the most recent quarter. 53.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VMAR has been the subject of several research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Vision Marine Technologies in a research note on Monday, December 29th. Wall Street Zen raised shares of Vision Marine Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Vision Marine Technologies currently has an average 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.