Vision Marine Technologies Inc. (NASDAQ:VMAR) Sees Significant Short-Term Interest Growth

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Vision Marine Technologies Inc. (NASDAQ:VMAR – Get Rating) saw significant growth in short-term interest in June. As of June 30, there were short interests totaling 18,500 shares, a growth of 42.3% from the total of 13,000 shares as of June 15. Based on an average daily volume of 15,100 shares, the short interest ratio is currently 1.2 days. Currently, 1.3% of the company’s shares are sold short.

Vision Marine Technologies price performance

Shares of Vision Marine Technologies opened at $6.38 on Monday. The stock’s 50-day simple moving average is $4.30 and its 200-day simple moving average is $5.07. Vision Marine Technologies has a 52 week low of $3.35 and a 52 week high of $8.10. The company has a market capitalization of $53.11 million, a price-earnings ratio of -4.87 and a beta of -0.91. The company has a quick ratio of 5.00, a current ratio of 4.81 and a debt ratio of 0.08.

Hedge funds weigh on Vision Marine Technologies

A hedge fund recently bought a new stake in the shares of Vision Marine Technologies. Ignite Planners LLC purchased a new position in Vision Marine Technologies Inc. (NASDAQ:VMAR – Get Rating) during the 4th quarter, according to its latest disclosure to the Securities & Exchange Commission. The fund bought 10,000 shares of the company, valued at around $45,000. Ignite Planners LLC owned approximately 0.12% of Vision Marine Technologies at the end of last quarter. Hedge funds and other institutional investors own 3.02% of the company’s shares.

About Vision Marine Technologies

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Vision Marine Technologies Inc designs, develops and manufactures electric outboard powertrain systems and electric boats in Canada, the United States and internationally. It operates in two segments, the sale of electric boats and the rental of electric boats. The Company offers outboard motors, boat parts and related maintenance services.

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