Vision Marine Technologies Inc. (NASDAQ:VMAR) Short Interest Up 105.2% in April

Vision Marine Technologies Inc. (NASDAQ:VMAR) saw a large increase in short interest in April. As of April 15th, there was short interest totalling 27,500 shares, an increase of 105.2% from the March 31st total of 13,400 shares. Approximately 2.5% of the company’s stock are short sold. Based on an average daily volume of 178,800 shares, the short-interest ratio is currently 0.2 days.

Vision Marine Technologies Stock Up 1.9 %

VMAR stock opened at $6.31 on Monday. The company has a market capitalization of $6.19 million, a P/E ratio of -0.05 and a beta of 0.10. The company has a current ratio of 2.88, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05. Vision Marine Technologies has a twelve month low of $4.04 and a twelve month high of $1,039.50. The firm has a 50 day simple moving average of $6.49 and a 200-day simple moving average of $16.53.

Vision Marine Technologies (NASDAQ:VMAR) last released its earnings results on Tuesday, April 8th. The company reported ($3.89) EPS for the quarter, topping analysts’ consensus estimates of ($233.17) by $229.28. The company had revenue of $0.07 million for the quarter, compared to the consensus estimate of $0.97 million. Vision Marine Technologies had a negative return on equity of 225.21% and a negative net margin of 662.47%. On average, equities research analysts predict that Vision Marine Technologies will post -90 earnings per share for the current fiscal year.

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.