Vision Marine Technologies Inc. (NASDAQ:VMAR – Get Free Report) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totalling 318,300 shares, an increase of 571.5% from the November 30th total of 47,400 shares. Currently, 26.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 830,800 shares, the days-to-cover ratio is currently 0.4 days.
Vision Marine Technologies Trading Up 5.4 %
NASDAQ:VMAR opened at $1.57 on Friday. The company has a market capitalization of $1.23 million, a PE ratio of -0.01 and a beta of -0.16. Vision Marine Technologies has a 52-week low of $1.30 and a 52-week high of $156.60. The stock has a fifty day simple moving average of $2.54 and a 200-day simple moving average of $4.01. The company has a quick ratio of 0.42, a current ratio of 1.50 and a debt-to-equity ratio of 0.16.
Institutional Trading of Vision Marine Technologies
An institutional investor recently raised its position in Vision Marine Technologies stock. National Bank of Canada FI lifted its position in shares of Vision Marine Technologies Inc. (NASDAQ:VMAR – Free Report) by 9,219.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 quarter. Institutional investors and hedge funds 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.
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