Short Interest in Vision Marine Technologies Inc. (NASDAQ:VMAR) Increases By 3,202.1%

Vision Marine Technologies Inc. (NASDAQ:VMAR) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 977,857 shares, an increase of 3,202.1% from the June 30th total of 29,613 shares. Based on an average trading volume of 15,841,817 shares, the short-interest ratio is presently 0.1 days. Currently, 12,223.2% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Weiss Ratings upgraded Vision Marine Technologies from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, July 20th. Wall Street Zen upgraded Vision Marine Technologies to a “hold” rating in a report on Saturday, June 20th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Vision Marine Technologies Stock Performance

Shares of NASDAQ:VMAR opened at $0.73 on Friday. The company has a market capitalization of $7,290.00, a price-to-earnings ratio of -0.00 and a beta of 0.12. Vision Marine Technologies has a 12 month low of $0.72 and a 12 month high of $2,640.00. The firm’s 50-day moving average is $3.13 and its 200 day moving average is $19.43. The company has a current ratio of 1.26, a quick ratio of 0.47 and a debt-to-equity ratio of 1.25.

Vision Marine Technologies (NASDAQ:VMAR) last posted its quarterly earnings data on Monday, July 13th. The company reported ($29.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($686.83) by $657.73. The company had revenue of $18.37 million for the quarter, compared to analyst estimates of $1.01 million. Vision Marine Technologies had a negative net margin of 39.82% and a negative return on equity of 350.19%.

Insider Buying and Selling

In related news, major shareholder Financial Lp Hrt purchased 234,583 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was bought at an average price of $0.29 per share, for a total transaction of $68,029.07. Following the completion of the transaction, the insider owned 202,475 shares in the company, valued at approximately $58,717.75. The trade was a -730.61% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In the last ninety days, insiders bought 304,095 shares of company stock valued at $223,834 and sold 91,175 shares valued at $160,390. Corporate insiders own 40.40% of the company’s stock.

About Vision Marine Technologies

Vision Marine Technologies Inc (NASDAQ: VMAR) is a Canadian-based company that designs, develops and manufactures electric recreational boats and propulsion systems. As a cleantech innovator, Vision Marine integrates advanced battery management, digital controls and lightweight composite construction to deliver zero-emission watercraft and electric outboard motors. The company’s modular platform enables boat builders and end users to configure custom hulls and propulsion packages while leveraging onboard connectivity for remote monitoring and performance analytics.

Vision Marine’s product portfolio includes fully electric boat models ranging from compact day-cruisers to larger pontoon-style vessels, as well as a series of high-efficiency electric outboard motors.