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

Vision Marine Technologies Inc. (NASDAQ:VMAR) saw a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 47,400 shares, a growth of 27.1% from the November 15th total of 37,300 shares. Approximately 7.1% of the shares of the company are sold short. Based on an average trading volume of 772,500 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Vision Marine Technologies

A hedge fund recently raised its stake in Vision Marine Technologies stock. National Bank of Canada FI lifted its position in Vision Marine Technologies Inc. (NASDAQ:VMAR) by 9,219.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 65,705 shares of the company’s stock after purchasing an additional 65,000 shares during the quarter. National Bank of Canada FI owned 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 and hedge funds.

Vision Marine Technologies Stock Performance

Vision Marine Technologies stock traded down $0.26 on Friday, hitting $1.45. The company’s stock had a trading volume of 855,169 shares, compared to its average volume of 215,339. The company has a fifty day moving average price of $2.90 and a 200-day moving average price of $4.50. The firm has a market cap of $1.14 million, a P/E ratio of -0.01 and a beta of -0.16. Vision Marine Technologies has a one year low of $1.38 and a one year high of $175.50. The company has a quick ratio of 0.42, a current ratio of 1.50 and a debt-to-equity ratio of 0.16.

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.