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

Vision Marine Technologies Inc. (NASDAQ:VMAR) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 66,919 shares, a decrease of 81.4% from the August 15th total of 359,932 shares. Approximately 6,691.9% of the company’s stock are sold short. Based on an average daily trading volume, of 464,364 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

A number of brokerages recently weighed in on VMAR. Wall Street Zen upgraded shares of Vision Marine Technologies to a “hold” rating in a report on Saturday, June 20th. Weiss Ratings cut Vision Marine Technologies from a “sell (e+)” rating to a “sell (e)” rating in a research report on Tuesday. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Vision Marine Technologies Price Performance

NASDAQ VMAR opened at $7.20 on Friday. Vision Marine Technologies has a one year low of $5.16 and a one year high of $6,799.20. The stock has a 50-day moving average of $8.60 and a 200 day moving average of $88.28. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.47 and a current ratio of 1.26. The company has a market capitalization of $10,000.00, a price-to-earnings ratio of -0.00 and a beta of 0.25.

Vision Marine Technologies (NASDAQ:VMAR) last posted its earnings results on Monday, July 13th. The company reported ($29.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($6,868.26) by $6,839.16. The business had revenue of $18.37 million for the quarter, compared to analysts’ expectations of $1.01 million. Vision Marine Technologies had a negative net margin of 39.82% and a negative return on equity of 350.19%.

Insider Activity

In other news, major shareholder Financial Lp Hrt purchased 23,458 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were purchased at an average price of $2.90 per share, for a total transaction of $68,028.20. Following the completion of the acquisition, the insider directly owned 20,247 shares in the company, valued at $58,716.30. This represents a -730.55% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders have purchased 29,161 shares of company stock valued at $170,247 and have sold 8,704 shares valued at $143,763. Corporate insiders own 40.40% of the company’s stock.

About Vision Marine Technologies

Vision Marine Technologies Inc (NASDAQ: VMAR) is a Canadian-based company that designs, develops and manufactures electric recreational boats and propulsion systems. As a cleantech innovator, Vision Marine integrates advanced battery management, digital controls and lightweight composite construction to deliver zero-emission watercraft and electric outboard motors. The company’s modular platform enables boat builders and end users to configure custom hulls and propulsion packages while leveraging onboard connectivity for remote monitoring and performance analytics.

Vision Marine’s product portfolio includes fully electric boat models ranging from compact day-cruisers to larger pontoon-style vessels, as well as a series of high-efficiency electric outboard motors.