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

Vision Marine Technologies Inc. (NASDAQ:VMAR) was the target of a large decline in short interest in October. As of October 31st, there was short interest totalling 23,700 shares, a decline of 76.5% from the October 15th total of 100,800 shares. Based on an average daily volume of 579,500 shares, the days-to-cover ratio is currently 0.0 days. Approximately 5.0% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, Ascendiant Capital Markets lowered their price objective on Vision Marine Technologies from $37.50 to $30.00 and set a “buy” rating for the company in a research note on Monday, July 29th.

Vision Marine Technologies Trading Down 1.0 %

NASDAQ VMAR opened at $3.09 on Wednesday. The business’s fifty day moving average is $2.32 and its 200-day moving average is $5.66. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.24 and a quick ratio of 0.87. Vision Marine Technologies has a one year low of $2.69 and a one year high of $275.40. The stock has a market capitalization of $2.41 million, a price-to-earnings ratio of -0.02 and a beta of -0.05.

Institutional Investors Weigh In On Vision Marine Technologies

A hedge fund recently raised its stake in Vision Marine Technologies stock. National Bank of Canada FI grew its holdings in shares of 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. The fund owned 65,705 shares of the company’s stock after acquiring an additional 65,000 shares during the quarter. National Bank of Canada FI owned about 0.52% of Vision Marine Technologies worth $46,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 53.79% of the company’s stock.

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.