Vision Marine Technologies Inc. (NASDAQ:VMAR) Short Interest Down 71.2% in July

Vision Marine Technologies Inc. (NASDAQ:VMAR) was the recipient of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 6,500 shares, adecreaseof71.2% from the July 15th total of 22,600 shares. Based on an average daily trading volume, of 34,200 shares, the days-to-cover ratio is presently 0.2 days. Currently,0.6% of the company’s shares are short sold. Currently,0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 34,200 shares, the days-to-cover ratio is presently 0.2 days.

Vision Marine Technologies Stock Performance

NASDAQ VMAR opened at $1.94 on Friday. Vision Marine Technologies has a twelve month low of $1.86 and a twelve month high of $621.00. The company has a current ratio of 3.93, a quick ratio of 2.64 and a debt-to-equity ratio of 0.01. The business’s 50-day moving average price is $6.40 and its 200 day moving average price is $7.11. The company has a market capitalization of $1.90 million, a PE ratio of -0.01 and a beta of 0.23.

Vision Marine Technologies (NASDAQ:VMAR) last issued its quarterly earnings results on Friday, July 11th. The company reported ($4.65) EPS for the quarter, missing the consensus estimate of ($1.67) by ($2.98). Vision Marine Technologies had a negative return on equity of 122.13% and a negative net margin of 1,016.64%. The company had revenue of $0.20 million for the quarter, compared to analyst estimates of $0.29 million. On average, research analysts predict that Vision Marine Technologies will post -90 earnings per share for the current year.

Institutional Investors Weigh In On Vision Marine Technologies

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% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 47,179 shares of the company’s stock after acquiring an additional 47,079 shares during the period. FNY Investment Advisers LLC owned approximately 4.81% of Vision Marine Technologies worth $365,000 at the end of the most recent reporting period. 53.79% of the stock is owned by hedge funds and other institutional investors.

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.