Vision Marine Technologies Inc. (NASDAQ:VMAR) Short Interest Down 95.4% in January

Vision Marine Technologies Inc. (NASDAQ:VMAR) was the target of a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 37,130 shares, a decline of 95.4% from the December 31st total of 809,869 shares. Based on an average daily volume of 121,627 shares, the short-interest ratio is currently 0.3 days. Approximately 49.5% of the shares of the company are sold short. Approximately 49.5% of the shares of the company are sold short. Based on an average daily volume of 121,627 shares, the short-interest ratio is currently 0.3 days.

Analyst Ratings Changes

A number of analysts have weighed in on VMAR shares. Weiss Ratings restated a “sell (e+)” rating on shares of Vision Marine Technologies in a research note on Monday, December 29th. Wall Street Zen raised shares of Vision Marine Technologies from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Vision Marine Technologies presently has a consensus rating of “Sell”.

Vision Marine Technologies Stock Performance

NASDAQ:VMAR traded down $0.12 during trading hours on Thursday, hitting $3.62. 631,776 shares of the company were exchanged, compared to its average volume of 143,124. Vision Marine Technologies has a 52-week low of $3.10 and a 52-week high of $568.00. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.11 and a quick ratio of 0.35. The company’s 50 day moving average price is $18.63 and its 200-day moving average price is $71.79. The stock has a market capitalization of $469,950.00, a price-to-earnings ratio of -0.01 and a beta of 0.27.

Vision Marine Technologies (NASDAQ:VMAR) last released its quarterly earnings data on Tuesday, January 13th. The company reported ($0.86) earnings per share for the quarter, topping analysts’ consensus estimates of ($65.20) by $64.34. Vision Marine Technologies had a negative net margin of 84.38% and a negative return on equity of 240.59%. The company had revenue of $11.23 million for the quarter, compared to analysts’ expectations of $0.51 million. As a group, research analysts forecast that Vision Marine Technologies will post -90 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Vision Marine Technologies stock. FNY Investment Advisers LLC raised its holdings in Vision Marine Technologies Inc. (NASDAQ:VMAR) by 47,079.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,179 shares of the company’s stock after acquiring an additional 47,079 shares during the quarter. FNY Investment Advisers LLC owned 4.81% of Vision Marine Technologies worth $365,000 as of its most recent filing with the Securities and Exchange Commission. 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.