Vision Marine Technologies Inc. (NASDAQ:VMAR) Short Interest Down 15.6% in March
by Amy Steele · The Cerbat GemVision Marine Technologies Inc. (NASDAQ:VMAR – Get Free Report) was the target of a large drop in short interest in the month of March. As of March 31st, there was short interest totaling 101,389 shares, a drop of 15.6% from the March 15th total of 120,180 shares. Based on an average trading volume of 80,480 shares, the short-interest ratio is presently 1.3 days. Approximately 135.2% of the shares of the company are short sold.
Hedge Funds Weigh In On Vision Marine Technologies
A hedge fund recently bought a new stake in Vision Marine Technologies stock. Sabby Management LLC bought a new stake in shares of Vision Marine Technologies Inc. (NASDAQ:VMAR – Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 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 holdings, making the stock its 17th largest position. Sabby Management LLC owned approximately 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 Up 4.2%
Vision Marine Technologies stock opened at $1.50 on Friday. The stock has a market cap of $195,000.00, a price-to-earnings ratio of 0.00 and a beta of 0.42. The company has a current ratio of 1.28, a quick ratio of 0.35 and a debt-to-equity ratio of 0.87. The company’s 50-day moving average price is $2.29 and its two-hundred day moving average price is $22.31. Vision Marine Technologies has a 52 week low of $1.40 and a 52 week high of $355.20.
Vision Marine Technologies (NASDAQ:VMAR – Get Free Report) last released its earnings results on Tuesday, April 14th. The company reported ($2.32) EPS for the quarter, beating the consensus estimate of ($65.34) by $63.02. The firm had revenue of $10.65 million for the quarter, compared to analysts’ expectations of $0.73 million. Vision Marine Technologies had a negative net margin of 54.94% and a negative return on equity of 281.97%. On average, analysts expect that Vision Marine Technologies will post -90 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Vision Marine Technologies in a report on Monday, December 29th. Wall Street Zen raised shares of Vision Marine Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Vision Marine Technologies currently has an average rating of “Sell”.
Check Out Our Latest Analysis on Vision Marine Technologies
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.