Short Interest in Vision Marine Technologies Inc. (NASDAQ:VMAR) Expands By 1,015.3%

Vision Marine Technologies Inc. (NASDAQ:VMAR) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 1,170,000 shares, an increase of 1,015.3% from the December 31st total of 104,900 shares. Currently, 33.2% of the shares of the company are sold short. Based on an average daily volume of 4,870,000 shares, the short-interest ratio is presently 0.2 days.

Vision Marine Technologies Price Performance

Shares of NASDAQ VMAR opened at $1.21 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.16 and a current ratio of 2.88. Vision Marine Technologies has a one year low of $1.21 and a one year high of $136.35. The firm has a market capitalization of $943,800.00, a P/E ratio of -0.01 and a beta of -0.09. The company’s fifty day moving average is $1.71 and its two-hundred day moving average is $2.91.

Vision Marine Technologies (NASDAQ:VMAR) last released its quarterly earnings data on Monday, January 13th. The company reported ($1.43) earnings per share for the quarter, beating the consensus estimate of ($24.18) by $22.75. Vision Marine Technologies had a negative return on equity of 225.21% and a negative net margin of 662.47%. Analysts forecast that Vision Marine Technologies will post -90 EPS 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.