Vision Marine Technologies Inc. (NASDAQ:VMAR) Sees Significant Decrease in Short Interest

Vision Marine Technologies Inc. (NASDAQ:VMAR) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totaling 809,869 shares, a decrease of 58.9% from the December 15th total of 1,971,298 shares. Based on an average daily trading volume, of 53,969,902 shares, the short-interest ratio is presently 0.0 days. Approximately 27.7% of the shares of the stock are short sold. Approximately 27.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 53,969,902 shares, the short-interest ratio is presently 0.0 days.

Analyst Ratings Changes

Separately, 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 currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Vision Marine Technologies

An institutional investor recently bought a new position in Vision Marine Technologies stock. Sabby Management LLC purchased a new position in Vision Marine Technologies Inc. (NASDAQ:VMAR) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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 holdings, making the stock its 17th biggest position. Sabby Management LLC owned about 19.03% of Vision Marine Technologies as of its most recent SEC filing. Institutional investors own 53.79% of the company’s stock.

Vision Marine Technologies Stock Performance

Shares of Vision Marine Technologies stock traded up $0.43 during trading hours on Friday, hitting $5.50. 111,941 shares of the company’s stock traded hands, compared to its average volume of 121,797. Vision Marine Technologies has a 12-month low of $4.54 and a 12-month high of $788.00. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.11 and a quick ratio of 0.44. The company has a fifty day simple moving average of $26.98 and a 200-day simple moving average of $90.24. The stock has a market capitalization of $660,000.00, a price-to-earnings ratio of -0.24 and a beta of 0.27.

Vision Marine Technologies (NASDAQ:VMAR) last posted its earnings results on Friday, November 28th. The company reported $7,880,344.08 earnings per share for the quarter, beating analysts’ consensus estimates of ($62.00) by $7,880,406.08. The business had revenue of $9.68 million during the quarter, compared to analyst estimates of $0.70 million. Vision Marine Technologies had a negative return on equity of 240.59% and a negative net margin of 84.38%. Equities research analysts anticipate that Vision Marine Technologies will post -90 EPS 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.