Vision Marine Technologies Inc. (NASDAQ:VMAR) Stock Short Interest Declines 45.4%

by · The Markets Daily

Vision Marine Technologies Inc. (NASDAQ:VMAR – Get Free Report) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 36,561 shares, a decrease of 45.4% from the August 31st total of 66,919 shares. Approximately 3,656.1% of the company’s stock are short sold. Based on an average daily volume of 65,619 shares, the days-to-cover ratio is currently 0.6 days.

Vision Marine Technologies Stock Performance

Vision Marine Technologies stock traded down $0.18 during mid-day trading on Wednesday, reaching $7.45. 10,279 shares of the company traded hands, compared to its average volume of 171,893. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.26 and a quick ratio of 0.47. Vision Marine Technologies has a fifty-two week low of $5.16 and a fifty-two week high of $6,799.20. The company has a market capitalization of $7,446.00, a price-to-earnings ratio of -0.00 and a beta of 0.25. The firm’s fifty day moving average is $7.41 and its two-hundred day moving average is $66.28.

Vision Marine Technologies (NASDAQ:VMAR – Get Free Report) last posted its quarterly earnings data on Monday, July 13th. The company reported ($29.10) EPS for the quarter, topping the consensus estimate of ($6,868.26) by $6,839.16. Vision Marine Technologies had a negative net margin of 39.82% and a negative return on equity of 350.19%. The business had revenue of $18.37 million during the quarter, compared to the consensus estimate of $1.01 million.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Vision Marine Technologies to a “hold” rating in a research report on Saturday, June 20th. Weiss Ratings upgraded shares of Vision Marine Technologies from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Vision Marine Technologies has a consensus rating of “Sell”.

Get Our Latest Stock Analysis on Vision Marine Technologies

Insiders Place Their Bets

In other Vision Marine Technologies news, major shareholder Financial Lp Hrt sold 3,474 shares of Vision Marine Technologies stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $12.50, for a total value of $43,425.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders bought a total of 3,824 shares of company stock worth $55,491 over the last 90 days. 40.40% of the stock is owned by company insiders.

About Vision Marine Technologies

(Get Free Report)

Vision Marine Technologies Inc is a Canadian marine technology company focused on developing electric propulsion systems and fully electric recreational boats. The company’s products are designed to provide a lower-emission alternative to conventional gasoline-powered marine propulsion for recreational and performance boating applications.

Its principal technology is the E-Motion electric powertrain, which integrates an electric outboard motor with battery systems, onboard controls and related marine components.

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