Vision Marine Technologies Inc. (NASDAQ:VMAR) Short Interest Up 131.5% in May

Vision Marine Technologies Inc. (NASDAQ:VMAR) was the target of a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 30,100 shares, an increase of 131.5% from the May 15th total of 13,000 shares. Currently, 2.8% of the shares of the stock are short sold. Based on an average daily volume of 88,900 shares, the days-to-cover ratio is currently 0.3 days.

Vision Marine Technologies Price Performance

Shares of NASDAQ:VMAR opened at $8.10 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.16 and a current ratio of 2.88. The firm has a fifty day moving average price of $6.85 and a 200 day moving average price of $10.38. Vision Marine Technologies has a fifty-two week low of $4.04 and a fifty-two week high of $1,025.33. The firm has a market cap of $7.95 million, a price-to-earnings ratio of -0.07 and a beta of 0.23.

Vision Marine Technologies (NASDAQ:VMAR) last issued its earnings results on Tuesday, April 8th. The company reported ($3.89) earnings per share for the quarter, topping analysts’ consensus estimates of ($233.17) by $229.28. Vision Marine Technologies had a negative net margin of 662.47% and a negative return on equity of 225.21%. The firm had revenue of $0.07 million during the quarter, compared to analyst estimates of $0.97 million. As a group, sell-side analysts expect 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.