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

Vision Marine Technologies Inc. (NASDAQ:VMAR) saw a large increase in short interest in December. As of December 15th, there was short interest totalling 318,300 shares, an increase of 571.5% from the November 30th total of 47,400 shares. Based on an average daily trading volume, of 830,800 shares, the days-to-cover ratio is currently 0.4 days. Currently, 26.5% of the company’s shares are sold short.

Institutional Trading of Vision Marine Technologies

A hedge fund recently raised its stake in Vision Marine Technologies stock. National Bank of Canada FI increased its position in shares of Vision Marine Technologies Inc. (NASDAQ:VMAR) by 9,219.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 65,705 shares of the company’s stock after buying an additional 65,000 shares during the quarter. National Bank of Canada FI owned about 0.52% of Vision Marine Technologies worth $46,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 53.79% of the company’s stock.

Vision Marine Technologies Trading Up 2.0 %

VMAR stock traded up $0.03 during mid-day trading on Thursday, hitting $1.52. 194,452 shares of the company were exchanged, compared to its average volume of 243,564. The business has a fifty day simple moving average of $2.60 and a 200-day simple moving average of $4.02. The firm has a market capitalization of $1.19 million, a P/E ratio of -0.01 and a beta of -0.16. Vision Marine Technologies has a 12-month low of $1.30 and a 12-month high of $156.60. The company has a quick ratio of 0.42, a current ratio of 1.50 and a debt-to-equity ratio of 0.16.

Vision Marine Technologies Company Profile

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.