Short Interest in Massimo Group (NASDAQ:MAMO) Declines By 21.4%

Massimo Group (NASDAQ:MAMO) was the recipient of a significant decline in short interest in February. As of February 27th, there was short interest totaling 439,378 shares, a decline of 21.4% from the February 12th total of 558,903 shares. Based on an average daily volume of 200,812 shares, the days-to-cover ratio is currently 2.2 days. Currently, 1.1% of the shares of the stock are sold short. Currently, 1.1% of the shares of the stock are sold short. Based on an average daily volume of 200,812 shares, the days-to-cover ratio is currently 2.2 days.

Massimo Group Stock Performance

Shares of MAMO stock traded up $0.02 during trading hours on Monday, reaching $1.12. The company had a trading volume of 99,847 shares, compared to its average volume of 190,672. Massimo Group has a 12-month low of $0.85 and a 12-month high of $5.59. The company has a market capitalization of $46.64 million, a price-to-earnings ratio of -55.97 and a beta of 0.56. The stock has a fifty day moving average of $2.03 and a 200-day moving average of $2.91.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Massimo Group to a “buy” rating in a report on Saturday, January 10th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Massimo Group has an average rating of “Sell”.

Institutional Trading of Massimo Group

Several large investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC raised its holdings in shares of Massimo Group by 43.7% during the 3rd quarter. Citadel Advisors LLC now owns 19,218 shares of the company’s stock worth $45,000 after acquiring an additional 5,844 shares during the period. OMERS ADMINISTRATION Corp purchased a new stake in shares of Massimo Group in the fourth quarter valued at about $69,000. Goldman Sachs Group Inc. acquired a new stake in Massimo Group during the fourth quarter worth about $78,000. Millennium Management LLC acquired a new stake in Massimo Group during the third quarter worth about $88,000. Finally, Geode Capital Management LLC raised its stake in Massimo Group by 152.0% during the fourth quarter. Geode Capital Management LLC now owns 75,494 shares of the company’s stock worth $300,000 after purchasing an additional 45,537 shares during the 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.