Short Interest in Vision Marine Technologies Inc. (NASDAQ:VMAR) Grows By 11,100.0%

Vision Marine Technologies Inc. (NASDAQ:VMAR) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 100,800 shares, an increase of 11,100.0% from the September 30th total of 900 shares. Based on an average daily trading volume, of 187,800 shares, the short-interest ratio is currently 0.5 days. Currently, 15.5% of the company’s stock are short sold.

Vision Marine Technologies Trading Up 0.8 %

Shares of Vision Marine Technologies stock opened at $3.95 on Friday. The stock has a market cap of $50.32 million, a P/E ratio of -3.87 and a beta of -0.10. The company has a quick ratio of 0.87, a current ratio of 2.24 and a debt-to-equity ratio of 0.28. Vision Marine Technologies has a 12-month low of $2.69 and a 12-month high of $329.40. The business’s 50 day moving average is $2.31 and its 200-day moving average is $6.15.

Institutional Trading of Vision Marine Technologies

A hedge fund recently raised its stake in Vision Marine Technologies stock. National Bank of Canada FI increased its holdings in shares of Vision Marine Technologies Inc. (NASDAQ:VMAR) by 9,219.9% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 65,705 shares of the company’s stock after purchasing an additional 65,000 shares during the period. National Bank of Canada FI owned 0.52% of Vision Marine Technologies worth $46,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 53.79% of the company’s stock.

Analysts Set New Price Targets

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

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.