Short Interest in Vision Marine Technologies Inc. (NASDAQ:VMAR) Declines By 67.0%

Vision Marine Technologies Inc. (NASDAQ:VMAR) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 104,900 shares, a drop of 67.0% from the December 31st total of 318,300 shares. Based on an average trading volume of 3,560,000 shares, the days-to-cover ratio is presently 0.0 days. Currently, 4.2% of the shares of the stock are short sold.

Vision Marine Technologies Price Performance

Shares of NASDAQ:VMAR traded down $0.04 on Tuesday, reaching $1.42. 229,855 shares of the company were exchanged, compared to its average volume of 15,647,410. The company has a 50-day moving average of $1.80 and a 200-day moving average of $2.97. The company has a current ratio of 2.88, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05. The firm has a market cap of $1.10 million, a price-to-earnings ratio of -0.01 and a beta of -0.09. Vision Marine Technologies has a 1-year low of $1.30 and a 1-year high of $136.35.

Vision Marine Technologies (NASDAQ:VMAR) last issued its earnings results on Monday, January 13th. The company reported ($1.43) earnings per share for the quarter, topping the consensus estimate of ($24.18) by $22.75. Vision Marine Technologies had a negative net margin of 662.47% and a negative return on equity of 225.21%. Equities analysts forecast that Vision Marine Technologies will post -90 earnings per share for the current fiscal year.

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.