Vision Marine Technologies Inc. (NASDAQ:VMAR) Short Interest Down 72.4% in March

Vision Marine Technologies Inc. (NASDAQ:VMAR) was the recipient of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 191,000 shares, a decrease of 72.4% from the February 28th total of 692,500 shares. Based on an average daily volume of 5,310,000 shares, the days-to-cover ratio is presently 0.0 days. Approximately 3.3% of the shares of the stock are short sold.

Vision Marine Technologies Trading Down 15.5 %

Shares of VMAR stock opened at $0.48 on Friday. Vision Marine Technologies has a fifty-two week low of $0.42 and a fifty-two week high of $103.95. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.16 and a current ratio of 2.88. The stock’s fifty day moving average is $0.98 and its two-hundred day moving average is $1.73. The firm has a market capitalization of $4.71 million, a P/E ratio of 0.00 and a beta of -0.03.

Shares of Vision Marine Technologies are set to reverse split on the morning of Monday, March 31st. The 1-10 reverse split was announced on Thursday, March 27th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, March 28th.

Vision Marine Technologies (NASDAQ:VMAR) last posted its quarterly earnings results on Monday, January 13th. The company reported ($1.43) earnings per share for the quarter, topping analysts’ consensus estimates of ($24.18) by $22.75. Vision Marine Technologies had a negative net margin of 662.47% and a negative return on equity of 225.21%. Research analysts expect that Vision Marine Technologies will post -90 earnings per share for the current fiscal year.

About Vision Marine Technologies

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.