Vision Marine Technologies Inc. (NASDAQ:VMAR) Short Interest Up 57.4% in November

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

Vision Marine Technologies Trading Up 5.8 %

NASDAQ VMAR opened at $2.20 on Friday. The company has a market cap of $1.72 million, a price-to-earnings ratio of -0.02 and a beta of -0.05. Vision Marine Technologies has a twelve month low of $2.08 and a twelve month high of $226.13. The company has a quick ratio of 0.87, a current ratio of 2.24 and a debt-to-equity ratio of 0.28. The business’s fifty day moving average is $2.67 and its 200 day moving average is $5.02.

Institutional Trading of Vision Marine Technologies

A hedge fund recently raised its stake in Vision Marine Technologies stock. National Bank of Canada FI boosted its holdings in Vision Marine Technologies Inc. (NASDAQ:VMAR) by 9,219.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,705 shares of the company’s stock after buying an additional 65,000 shares during the quarter. National Bank of Canada FI owned approximately 0.52% of Vision Marine Technologies worth $46,000 at the end of the most recent reporting period. 53.79% of the stock is currently owned by institutional investors.

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.