Vision Marine Technologies Inc. (NASDAQ:VMAR) Short Interest Up 57.4% in November

Vision Marine Technologies Inc. (NASDAQ:VMAR) saw a large growth in short interest in November. As of November 15th, there was short interest totalling 37,300 shares, a growth of 57.4% from the October 31st total of 23,700 shares. Approximately 5.6% of the company’s stock are sold short. Based on an average trading volume of 612,200 shares, the short-interest ratio is currently 0.1 days.

Vision Marine Technologies Stock Up 5.8 %

Shares of Vision Marine Technologies stock traded up $0.12 during trading on Friday, hitting $2.20. 53,892 shares of the stock were exchanged, compared to its average volume of 174,323. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.24 and a quick ratio of 0.87. The firm’s 50-day moving average price is $2.64 and its 200 day moving average price is $5.12. The stock has a market cap of $1.72 million, a price-to-earnings ratio of -0.02 and a beta of -0.05. Vision Marine Technologies has a 12-month low of $2.08 and a 12-month high of $226.13.

Institutional Trading of Vision Marine Technologies

A hedge fund recently raised its stake in Vision Marine Technologies stock. National Bank of Canada FI grew its position in Vision Marine Technologies Inc. (NASDAQ:VMAR) by 9,219.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,705 shares of the company’s stock after acquiring an additional 65,000 shares during the quarter. National Bank of Canada FI owned about 0.52% of Vision Marine Technologies worth $46,000 at the end of the most recent reporting period. 53.79% of the stock is owned by institutional investors.

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.