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

Vision Marine Technologies Inc. (NASDAQ:VMAR) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 1,170,000 shares, a growth of 1,015.3% from the December 31st total of 104,900 shares. Based on an average daily trading volume, of 4,870,000 shares, the days-to-cover ratio is presently 0.2 days. Currently, 33.2% of the company’s shares are short sold.

Vision Marine Technologies Trading Down 14.2 %

Shares of VMAR traded down $0.20 during mid-day trading on Thursday, hitting $1.21. The company had a trading volume of 908,533 shares, compared to its average volume of 14,080,154. Vision Marine Technologies has a 1-year low of $1.21 and a 1-year high of $136.35. The business’s 50-day simple moving average is $1.74 and its 200-day simple moving average is $2.92. The stock has a market cap of $947,430.00, a PE ratio of -0.01 and a beta of -0.09. The company has a quick ratio of 1.16, a current ratio of 2.88 and a debt-to-equity ratio of 0.05.

Vision Marine Technologies (NASDAQ:VMAR) last released its quarterly earnings data on Monday, January 13th. The company reported ($1.43) earnings per share for the quarter, beating the consensus estimate of ($24.18) by $22.75. Vision Marine Technologies had a negative return on equity of 225.21% and a negative net margin of 662.47%. Sell-side analysts forecast that Vision Marine Technologies will post -90 earnings per share for the current 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.