Massimo Group (NASDAQ:MAMO) Short Interest Up 95.8% in June

Massimo Group (NASDAQ:MAMO) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totaling 330,026 shares, a growth of 95.8% from the June 15th total of 168,511 shares. Based on an average trading volume of 1,367,769 shares, the short-interest ratio is currently 0.2 days. Currently, 3.5% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

MAMO has been the subject of several research analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Massimo Group in a research report on Friday, May 1st. Wall Street Zen upgraded Massimo Group from a “hold” rating to a “buy” rating in a research note on Sunday, March 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Massimo Group has a consensus rating of “Sell”.

Massimo Group Stock Performance

Shares of NASDAQ MAMO opened at $0.95 on Friday. The company has a market cap of $39.56 million, a P/E ratio of 13.57 and a beta of 0.38. The firm’s fifty day moving average is $0.98 and its two-hundred day moving average is $1.48. Massimo Group has a 52-week low of $0.85 and a 52-week high of $5.59.

Massimo Group (NASDAQ:MAMO) last released its quarterly earnings data on Friday, May 15th. The company reported ($0.02) EPS for the quarter. The company had revenue of $12.71 million for the quarter. Massimo Group had a net margin of 3.72% and a return on equity of 12.15%.

Institutional Trading of Massimo Group

Several hedge funds have recently modified their holdings of the company. Citadel Advisors LLC grew its holdings in shares of Massimo Group by 43.7% in the third quarter. Citadel Advisors LLC now owns 19,218 shares of the company’s stock valued at $45,000 after purchasing an additional 5,844 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in Massimo Group during the fourth quarter valued at $69,000. Goldman Sachs Group Inc. bought a new position in Massimo Group during the fourth quarter valued at $78,000. Millennium Management LLC bought a new position in Massimo Group during the third quarter valued at $88,000. Finally, Geode Capital Management LLC grew its stake in shares of Massimo Group by 152.0% in the 4th quarter. Geode Capital Management LLC now owns 75,494 shares of the company’s stock worth $300,000 after buying an additional 45,537 shares in the last quarter.

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.