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

Vision Marine Technologies Inc. (NASDAQ:VMAR) saw a significant drop in short interest during the month of April. As of April 15th, there was short interest totaling 71,790 shares, a drop of 29.2% from the March 31st total of 101,389 shares. Currently, 95.7% of the shares of the company are sold short. Based on an average daily volume of 118,338 shares, the days-to-cover ratio is presently 0.6 days.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Vision Marine Technologies from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Vision Marine Technologies Stock Performance

Shares of NASDAQ VMAR traded up $0.03 during mid-day trading on Thursday, hitting $1.16. The company had a trading volume of 152,434 shares, compared to its average volume of 119,454. Vision Marine Technologies has a 12 month low of $1.05 and a 12 month high of $355.20. The firm has a market cap of $145,000.00, a P/E ratio of -0.01 and a beta of 0.42. The business’s 50-day simple moving average is $2.06 and its 200-day simple moving average is $18.80. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.28 and a quick ratio of 0.43.

Vision Marine Technologies (NASDAQ:VMAR) last issued its quarterly earnings results on Tuesday, April 14th. The company reported ($2.32) earnings per share (EPS) for the quarter, beating the consensus estimate of ($65.34) by $63.02. Vision Marine Technologies had a negative return on equity of 281.97% and a negative net margin of 54.94%.The firm had revenue of $10.65 million for the quarter, compared to analyst estimates of $0.73 million.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Vision Marine Technologies stock. Sabby Management LLC acquired a new stake in Vision Marine Technologies Inc. (NASDAQ:VMAR) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 186,536 shares of the company’s stock, valued at approximately $254,000. Vision Marine Technologies accounts for approximately 0.3% of Sabby Management LLC’s investment portfolio, making the stock its 17th largest holding. Sabby Management LLC owned approximately 19.03% of Vision Marine Technologies as of its most recent filing with the SEC. Hedge funds and other institutional investors own 53.79% of the company’s stock.

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.