Short Interest in Vision Marine Technologies Inc. (NASDAQ:VMAR) Grows By 101.4%

Vision Marine Technologies Inc. (NASDAQ:VMAR) was the target of a significant growth in short interest in January. As of January 30th, there was short interest totaling 74,769 shares, a growth of 101.4% from the January 15th total of 37,130 shares. Approximately 99.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 155,786 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 155,786 shares, the days-to-cover ratio is presently 0.5 days. Approximately 99.7% of the shares of the stock are sold short.

Institutional Investors Weigh In On Vision Marine Technologies

An institutional investor recently raised its position in Vision Marine Technologies stock. FNY Investment Advisers LLC boosted its holdings in shares of Vision Marine Technologies Inc. (NASDAQ:VMAR) by 47,079.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,179 shares of the company’s stock after purchasing an additional 47,079 shares during the period. FNY Investment Advisers LLC owned about 4.81% of Vision Marine Technologies worth $365,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 53.79% of the company’s stock.

Vision Marine Technologies Trading Up 1.5%

Shares of VMAR opened at $2.75 on Friday. The business has a 50-day moving average of $9.34 and a 200 day moving average of $54.24. Vision Marine Technologies has a fifty-two week low of $2.50 and a fifty-two week high of $472.00. The firm has a market cap of $357,500.00, a P/E ratio of -0.01 and a beta of 0.31. 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 (NASDAQ:VMAR) last announced its quarterly earnings results on Tuesday, January 13th. The company reported ($0.86) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $0.51 million. As a group, research analysts forecast that Vision Marine Technologies will post -90 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on VMAR shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Vision Marine Technologies in a research report on Monday, December 29th. Wall Street Zen raised Vision Marine Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. One analyst has rated the stock with a Sell rating, Based on 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.