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

Vision Marine Technologies Inc. (NASDAQ:VMAR) was the target of a large drop in short interest in March. As of March 15th, there was short interest totalling 191,000 shares, a drop of 72.4% from the February 28th total of 692,500 shares. Currently, 3.3% of the company’s stock are short sold. Based on an average trading volume of 5,310,000 shares, the days-to-cover ratio is presently 0.0 days.

Vision Marine Technologies Trading Down 8.2 %

NASDAQ VMAR opened at $0.57 on Friday. The company has a current ratio of 2.88, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05. The business has a fifty day simple moving average of $1.01 and a 200 day simple moving average of $1.74. Vision Marine Technologies has a 12 month low of $0.55 and a 12 month high of $103.95. The firm has a market capitalization of $5.57 million, a P/E ratio of 0.00 and a beta of -0.03.

Shares of Vision Marine Technologies are scheduled to reverse split on Monday, March 31st. The 1-10 reverse split was announced on Thursday, March 27th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, March 28th.

Vision Marine Technologies (NASDAQ:VMAR) last issued its quarterly earnings results on Monday, January 13th. The company reported ($1.43) EPS for the quarter, beating analysts’ consensus estimates 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%. On average, analysts predict 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.