Short Interest in Vision Marine Technologies Inc. (NASDAQ:VMAR) Expands By 63.4%

Vision Marine Technologies Inc. (NASDAQ:VMAR) was the recipient of a significant growth in short interest in February. As of February 27th, there was short interest totaling 119,741 shares, a growth of 63.4% from the February 12th total of 73,302 shares. Based on an average daily trading volume, of 145,228 shares, the days-to-cover ratio is presently 0.8 days. Currently, 159.7% of the company’s stock are sold short. Currently, 159.7% of the company’s stock are sold short. Based on an average daily trading volume, of 145,228 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Trading of Vision Marine Technologies

An institutional investor recently bought a new position in Vision Marine Technologies stock. Sabby Management LLC purchased a new position in Vision Marine Technologies Inc. (NASDAQ:VMAR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 186,536 shares of the company’s stock, valued at approximately $254,000. Vision Marine Technologies makes up 0.3% of Sabby Management LLC’s investment portfolio, making the stock its 17th biggest holding. Sabby Management LLC owned 19.03% of Vision Marine Technologies as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 53.79% of the company’s stock.

Vision Marine Technologies Stock Performance

Shares of NASDAQ VMAR traded down $0.02 during midday trading on Friday, hitting $2.39. The company’s stock had a trading volume of 9,581 shares, compared to its average volume of 117,937. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.35 and a current ratio of 1.11. Vision Marine Technologies has a 1-year low of $2.22 and a 1-year high of $381.20. The firm’s fifty day moving average price is $3.96 and its 200-day moving average price is $32.20. The firm has a market cap of $310,050.00, a P/E ratio of -0.01 and a beta of 0.35.

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

Wall Street Analyst Weigh In

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