Vision Marine Technologies Inc. (NASDAQ:VMAR) Short Interest Up 571.5% in December

Vision Marine Technologies Inc. (NASDAQ:VMAR) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totalling 318,300 shares, a growth of 571.5% from the November 30th total of 47,400 shares. Based on an average daily volume of 830,800 shares, the short-interest ratio is currently 0.4 days. Approximately 26.5% of the shares of the stock are sold short.

Vision Marine Technologies Price Performance

VMAR stock traded up $0.05 during midday trading on Friday, hitting $1.62. 880,781 shares of the stock were exchanged, compared to its average volume of 247,525. The stock’s 50-day moving average price is $2.50 and its 200-day moving average price is $3.95. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.42 and a current ratio of 1.50. The stock has a market cap of $1.27 million, a price-to-earnings ratio of -0.01 and a beta of -0.16. Vision Marine Technologies has a fifty-two week low of $1.30 and a fifty-two week high of $156.60.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Vision Marine Technologies stock. National Bank of Canada FI raised its stake in Vision Marine Technologies Inc. (NASDAQ:VMAR) by 9,219.9% in the second quarter, according to the company in its most recent disclosure with the Securities & 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 approximately 0.52% of Vision Marine Technologies worth $46,000 at the end of the most recent quarter. 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.