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

Vision Marine Technologies Inc. (NASDAQ:VMAR) was the recipient of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 191,000 shares, a decrease of 72.4% from the February 28th total of 692,500 shares. Based on an average daily trading volume, of 5,310,000 shares, the short-interest ratio is currently 0.0 days. Approximately 3.3% of the company’s stock are short sold.

Vision Marine Technologies Stock Performance

VMAR opened at $0.57 on Friday. Vision Marine Technologies has a 52-week low of $0.55 and a 52-week high of $103.95. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.16 and a current ratio of 2.88. The stock has a 50-day moving average of $1.01 and a 200-day moving average of $1.74. The company has a market cap of $5.57 million, a PE ratio of 0.00 and a beta of -0.03.

Shares of Vision Marine Technologies are set to reverse split on the morning of 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 posted its earnings results on Monday, January 13th. The company reported ($1.43) EPS for the quarter, topping 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%. As a group, equities research analysts forecast that Vision Marine Technologies will post -90 earnings per share 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.