Vision Marine Technologies Inc. (NASDAQ:VMAR – Get Free Report) was the target of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 47,400 shares, an increase of 27.1% from the November 15th total of 37,300 shares. Based on an average daily volume of 772,500 shares, the short-interest ratio is currently 0.1 days. Approximately 7.1% of the shares of the company are short sold.
Vision Marine Technologies Price Performance
NASDAQ VMAR opened at $1.45 on Friday. The company has a 50-day moving average price of $2.90 and a two-hundred day moving average price of $4.46. Vision Marine Technologies has a 52 week low of $1.38 and a 52 week high of $175.50. The stock has a market cap of $1.13 million, a price-to-earnings ratio of -0.01 and a beta of -0.16. The company has a current ratio of 1.50, a quick ratio of 0.42 and a debt-to-equity ratio of 0.16.
Institutional Trading of Vision Marine Technologies
A hedge fund recently raised its stake in Vision Marine Technologies stock. National Bank of Canada FI boosted its position in shares of Vision Marine Technologies Inc. (NASDAQ:VMAR – Free Report) by 9,219.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 0.52% of Vision Marine Technologies worth $46,000 at the end of the most recent quarter. Hedge funds and other 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.
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