Vision Marine Technologies Inc. (NASDAQ:VMAR) Short Interest Update

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

Vision Marine Technologies Stock Performance

Vision Marine Technologies stock opened at $6.95 on Tuesday. The stock has a 50-day simple moving average of $7.37 and a 200 day simple moving average of $17.05. The stock has a market capitalization of $6.82 million, a price-to-earnings 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 12-month low of $4.04 and a 12-month high of $1,039.50.

Vision Marine Technologies (NASDAQ:VMAR) last posted its quarterly earnings data on Tuesday, April 8th. The company reported ($3.89) earnings per share for the quarter, beating the consensus estimate of ($233.17) by $229.28. Vision Marine Technologies had a negative net margin of 662.47% and a negative return on equity of 225.21%. The firm had revenue of $0.07 million during the quarter, compared to analysts’ expectations of $0.97 million. On average, research analysts anticipate 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.