Short Interest in Vision Marine Technologies Inc. (NASDAQ:VMAR) Increases By 11,100.0%

Vision Marine Technologies Inc. (NASDAQ:VMAR) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totalling 100,800 shares, a growth of 11,100.0% from the September 30th total of 900 shares. Currently, 15.5% of the shares of the stock are short sold. Based on an average trading volume of 187,800 shares, the days-to-cover ratio is currently 0.5 days.

Vision Marine Technologies Price Performance

Vision Marine Technologies stock traded down $0.02 during mid-day trading on Friday, hitting $3.90. 2,101 shares of the company were exchanged, compared to its average volume of 59,572. Vision Marine Technologies has a 12-month low of $2.69 and a 12-month high of $329.40. The company has a market capitalization of $3.04 million, a P/E ratio of -0.03 and a beta of -0.10. The business’s 50 day simple moving average is $2.42 and its two-hundred day simple moving average is $6.21. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.24 and a quick ratio of 0.87.

Institutional Trading of Vision Marine Technologies

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

Analyst Upgrades and Downgrades

Separately, Ascendiant Capital Markets lowered their price target on shares of Vision Marine Technologies from $37.50 to $30.00 and set a “buy” rating on the stock in a research report on Monday, July 29th.

About Vision Marine Technologies

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.