Vision Marine Technologies Inc. (NASDAQ:VMAR) Short Interest Update

Vision Marine Technologies Inc. (NASDAQ:VMAR) was the recipient of a large growth in short interest during the month of 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. Based on an average daily volume of 155,786 shares, the days-to-cover ratio is presently 0.5 days. Currently, 99.7% of the shares of the company are short sold. Currently, 99.7% of the shares of the company are short sold. Based on an average daily volume of 155,786 shares, the days-to-cover ratio is presently 0.5 days.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Vision Marine Technologies stock. Sabby Management LLC bought a new stake in shares of Vision Marine Technologies Inc. (NASDAQ:VMAR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 186,536 shares of the company’s stock, valued at approximately $254,000. Vision Marine Technologies comprises approximately 0.3% of Sabby Management LLC’s portfolio, making the stock its 17th biggest holding. Sabby Management LLC owned about 19.03% of Vision Marine Technologies at the end of the most recent reporting period. Institutional investors and hedge funds own 53.79% of the company’s stock.

Vision Marine Technologies Stock Down 1.8%

VMAR opened at $2.70 on Friday. 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 fifty-two week low of $2.50 and a fifty-two week high of $460.00. The firm’s fifty day moving average is $8.74 and its 200 day moving average is $52.55. The stock has a market cap of $351,000.00, a price-to-earnings ratio of -0.01 and a beta of 0.31.

Vision Marine Technologies (NASDAQ:VMAR) last posted its quarterly earnings results on Tuesday, January 13th. The company reported ($0.86) EPS for the quarter, topping analysts’ consensus estimates 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. On average, sell-side 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 (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.