Massimo Group (NASDAQ:MAMO) Short Interest Update

Massimo Group (NASDAQ:MAMO) saw a large growth in short interest in January. As of January 15th, there was short interest totaling 142,995 shares, a growth of 38.8% from the December 31st total of 102,989 shares. Based on an average daily trading volume, of 206,063 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.3% of the shares of the company are short sold. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 206,063 shares, the days-to-cover ratio is currently 0.7 days.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Wall Street Zen upgraded shares of Massimo Group to a “buy” rating in a research note on Saturday, January 10th. Weiss Ratings reissued a “sell (d)” rating on shares of Massimo Group in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Massimo Group Stock Performance

Massimo Group stock opened at $3.16 on Tuesday. Massimo Group has a one year low of $1.84 and a one year high of $5.59. The stock has a fifty day moving average of $3.93 and a 200 day moving average of $3.28. The stock has a market cap of $131.59 million, a PE ratio of -157.92 and a beta of -0.45.

Massimo Group (NASDAQ:MAMO) last announced its earnings results on Friday, November 7th. The company reported $0.04 earnings per share (EPS) for the quarter. Massimo Group had a negative return on equity of 3.96% and a negative net margin of 1.17%.The business had revenue of $16.99 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Massimo Group stock. Millennium Management LLC acquired a new stake in shares of Massimo Group (NASDAQ:MAMO) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 37,284 shares of the company’s stock, valued at approximately $88,000. Millennium Management LLC owned 0.09% of Massimo Group at the end of the most recent reporting period.

Massimo Group Company Profile

Massimo Group, through its subsidiaries, engages in the manufacturing and sale of utility terrain vehicles, all-terrain vehicles, and pontoon and tritoon boats. The company also offers motorcycles, scooters, golf carts, and go karts and balance bikes, as well as snow equipment. In addition, it provides accessories, including EV chargers, electric coolers, power stations, and portable solar panels. The company sells its products through a network of dealerships, distributors, and chain stores, as well as the e-commerce marketplace.