Vision Marine Technologies Inc. (NASDAQ:VMAR) Short Interest Down 67.0% in January

Vision Marine Technologies Inc. (NASDAQ:VMAR) saw a significant decline in short interest in January. As of January 15th, there was short interest totalling 104,900 shares, a decline of 67.0% from the December 31st total of 318,300 shares. Currently, 4.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,560,000 shares, the short-interest ratio is currently 0.0 days.

Vision Marine Technologies Price Performance

Shares of VMAR traded down $0.20 during midday trading on Thursday, hitting $1.21. The company’s stock had a trading volume of 908,533 shares, compared to its average volume of 14,080,154. 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 one year low of $1.21 and a one year high of $136.35. The stock has a market capitalization of $947,430.00, a price-to-earnings ratio of -0.01 and a beta of -0.09. The company’s fifty day simple moving average is $1.74 and its two-hundred day simple moving average is $2.92.

Vision Marine Technologies (NASDAQ:VMAR) last posted its 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%. As a group, equities 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.