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

Vision Marine Technologies Inc. (NASDAQ:VMAR) was the target of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 74,769 shares, an increase of 101.4% from the January 15th total of 37,130 shares. Based on an average trading volume of 155,786 shares, the short-interest ratio is presently 0.5 days. Approximately 99.7% of the company’s shares are short sold. Approximately 99.7% of the company’s shares are short sold. Based on an average trading volume of 155,786 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Vision Marine Technologies stock. FNY Investment Advisers LLC grew its stake in 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 firm owned 47,179 shares of the company’s stock after purchasing an additional 47,079 shares during the quarter. FNY Investment Advisers LLC owned approximately 4.81% of Vision Marine Technologies worth $365,000 as of its most recent SEC filing. Institutional investors own 53.79% of the company’s stock.

Vision Marine Technologies Price Performance

Vision Marine Technologies stock opened at $2.75 on Friday. The company has a market capitalization of $357,500.00, a PE ratio of -0.01 and a beta of 0.31. Vision Marine Technologies has a one year low of $2.50 and a one year high of $472.00. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.11 and a quick ratio of 0.35. The business has a 50 day simple moving average of $9.34 and a 200 day simple moving average of $54.24.

Vision Marine Technologies (NASDAQ:VMAR) last posted its quarterly earnings data on Tuesday, January 13th. The company reported ($0.86) earnings per share for the quarter, beating the consensus estimate of ($65.20) by $64.34. The firm had revenue of $11.23 million during the quarter, compared to analysts’ expectations of $0.51 million. Vision Marine Technologies had a negative net margin of 84.38% and a negative return on equity of 240.59%. On average, sell-side analysts forecast that Vision Marine Technologies will post -90 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VMAR. Weiss Ratings restated a “sell (e+)” rating on shares of Vision Marine Technologies in a research note on Monday, December 29th. Wall Street Zen upgraded shares of Vision Marine Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently 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.