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

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

Vision Marine Technologies Stock Performance

VMAR traded down $0.20 during trading on Thursday, reaching $1.21. The company’s stock had a trading volume of 908,533 shares, compared to its average volume of 14,080,154. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.16 and a current ratio of 2.88. The company’s fifty day moving average price is $1.74 and its 200-day moving average price is $2.92. The company has a market capitalization of $947,430.00, a price-to-earnings ratio of -0.01 and a beta of -0.09. Vision Marine Technologies has a 52-week low of $1.21 and a 52-week high of $136.35.

Vision Marine Technologies (NASDAQ:VMAR) last issued its earnings results on Monday, January 13th. The company reported ($1.43) EPS for the quarter, topping the consensus estimate of ($24.18) by $22.75. Vision Marine Technologies had a negative net margin of 662.47% and a negative return on equity of 225.21%. On average, equities analysts forecast that Vision Marine Technologies will post -90 earnings per share for the current fiscal year.

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.