Vision Marine Technologies Inc. (NASDAQ:VMAR) Sees Large Decrease in Short Interest

Vision Marine Technologies Inc. (NASDAQ:VMAR) saw a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 37,130 shares, a decrease of 95.4% from the December 31st total of 809,869 shares. Currently, 49.5% of the company’s stock are sold short. Based on an average daily trading volume, of 121,627 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 121,627 shares, the short-interest ratio is presently 0.3 days. Currently, 49.5% of the company’s stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Vision Marine Technologies stock. FNY Investment Advisers LLC raised its position in shares of Vision Marine Technologies Inc. (NASDAQ:VMAR) by 47,079.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,179 shares of the company’s stock after purchasing an additional 47,079 shares during the quarter. FNY Investment Advisers LLC owned 4.81% of Vision Marine Technologies worth $365,000 as of its most recent SEC filing. 53.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Vision Marine Technologies in a report on Monday, December 29th. Wall Street Zen upgraded shares of Vision Marine Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Vision Marine Technologies Stock Up 0.5%

Shares of VMAR stock traded up $0.02 during mid-day trading on Tuesday, hitting $4.07. The company’s stock had a trading volume of 26,703 shares, compared to its average volume of 117,578. The stock has a market cap of $529,100.00, a price-to-earnings ratio of -0.01 and a beta of 0.27. 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 52-week low of $3.84 and a 52-week high of $592.00. The business has a 50-day moving average price of $19.51 and a 200 day moving average price of $72.26.

Vision Marine Technologies (NASDAQ:VMAR) last released its quarterly earnings data on Tuesday, January 13th. The company reported ($0.86) EPS for the quarter, beating the consensus estimate of ($65.20) by $64.34. Vision Marine Technologies had a negative return on equity of 240.59% and a negative net margin of 84.38%.The company had revenue of $11.23 million for the quarter, compared to analysts’ expectations of $0.51 million. Research analysts predict that Vision Marine Technologies will post -90 EPS for the current fiscal year.

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.