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

Vision Marine Technologies Inc. (NASDAQ:VMAR) was the target of a large decline in short interest in March. As of March 31st, there was short interest totalling 13,400 shares, a decline of 93.0% from the March 15th total of 191,000 shares. Approximately 1.3% of the shares of the stock are short sold. Based on an average trading volume of 571,600 shares, the short-interest ratio is currently 0.0 days.

Vision Marine Technologies Stock Performance

NASDAQ VMAR opened at $6.95 on Tuesday. The stock has a market cap of $6.82 million, a P/E ratio of -0.06 and a beta of 0.10. The company has a quick ratio of 1.16, a current ratio of 2.88 and a debt-to-equity ratio of 0.05. Vision Marine Technologies has a twelve month low of $4.04 and a twelve month high of $1,039.50. The company’s 50-day simple moving average is $7.37 and its 200 day simple moving average is $17.05.

Vision Marine Technologies (NASDAQ:VMAR) last issued its earnings results on Tuesday, April 8th. The company reported ($3.89) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($233.17) by $229.28. The business had revenue of $0.07 million during the quarter, compared to analysts’ expectations of $0.97 million. Vision Marine Technologies had a negative return on equity of 225.21% and a negative net margin of 662.47%. As a group, research analysts forecast that Vision Marine Technologies will post -90 earnings per share for the current fiscal year.

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.