Vision Marine Technologies Inc. (NASDAQ:VMAR) Short Interest Update

Vision Marine Technologies Inc. (NASDAQ:VMAR) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totaling 156,408 shares, a growth of 117.9% from the April 15th total of 71,790 shares. Based on an average daily trading volume, of 180,890 shares, the days-to-cover ratio is presently 0.9 days. Currently, 208.5% of the company’s stock are sold short.

Vision Marine Technologies Price Performance

Shares of NASDAQ VMAR opened at $0.76 on Friday. The company has a current ratio of 1.28, a quick ratio of 0.43 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $99,255.00, a price-to-earnings ratio of 0.00 and a beta of 0.20. Vision Marine Technologies has a twelve month low of $0.74 and a twelve month high of $355.20. The business has a 50 day simple moving average of $1.74 and a 200-day simple moving average of $14.47.

Vision Marine Technologies (NASDAQ:VMAR) last announced its quarterly earnings data on Tuesday, April 14th. The company reported ($2.32) earnings per share (EPS) for the quarter, topping the consensus estimate of ($65.34) by $63.02. The firm had revenue of $14.53 million for the quarter, compared to analysts’ expectations of $0.73 million. Vision Marine Technologies had a negative return on equity of 281.97% and a negative net margin of 54.94%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on VMAR shares. Weiss Ratings cut shares of Vision Marine Technologies from a “sell (e+)” rating to a “sell (e)” rating in a research report on Wednesday. Wall Street Zen upgraded Vision Marine Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Vision Marine Technologies stock. Sabby Management LLC purchased a new stake in Vision Marine Technologies Inc. (NASDAQ:VMAR) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 186,536 shares of the company’s stock, valued at approximately $254,000. Vision Marine Technologies accounts for 0.3% of Sabby Management LLC’s holdings, making the stock its 17th largest position. Sabby Management LLC owned about 19.03% of Vision Marine Technologies as of its most recent filing with the SEC. 53.79% of the stock is currently owned by hedge funds and other institutional investors.

Vision Marine Technologies Company Profile

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.