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

Vision Marine Technologies Inc. (NASDAQ:VMAR) was the target of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 37,300 shares, an increase of 57.4% from the October 31st total of 23,700 shares. Based on an average trading volume of 612,200 shares, the days-to-cover ratio is presently 0.1 days. Currently, 5.6% of the shares of the company are short sold.

Vision Marine Technologies Stock Performance

NASDAQ:VMAR traded up $0.12 during mid-day trading on Friday, reaching $2.20. The stock had a trading volume of 53,892 shares, compared to its average volume of 174,323. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 2.24. The business has a 50 day simple moving average of $2.64 and a 200 day simple moving average of $5.12. Vision Marine Technologies has a twelve month low of $2.08 and a twelve month high of $226.13. The firm has a market capitalization of $1.72 million, a price-to-earnings ratio of -0.02 and a beta of -0.05.

Institutional Trading of Vision Marine Technologies

An institutional investor recently raised its position in Vision Marine Technologies stock. National Bank of Canada FI lifted its stake in Vision Marine Technologies Inc. (NASDAQ:VMAR) by 9,219.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,705 shares of the company’s stock after purchasing an additional 65,000 shares during the period. National Bank of Canada FI owned approximately 0.52% of Vision Marine Technologies worth $46,000 as of its most recent SEC filing. Institutional investors and hedge funds own 53.79% of the company’s stock.

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.