Massimo Group (NASDAQ:MAMO) Sees Significant Increase in Short Interest

Massimo Group (NASDAQ:MAMO - Get Free Report) saw a significant increase in short interest in December. As of December 15th, there was short interest totalling 58,700 shares, an increase of 59.1% from the November 30th total of 36,900 shares. Currently, 2.1% of the company's stock are short sold. Based on an average daily volume of 129,700 shares, the short-interest ratio is presently 0.5 days.

Massimo Group Price Performance

Shares of MAMO traded up $0.10 during mid-day trading on Friday, hitting $2.58. 10,352 shares of the company's stock were exchanged, compared to its average volume of 70,602. Massimo Group has a 52 week low of $2.42 and a 52 week high of $4.66. The company has a market cap of $106.77 million and a PE ratio of 13.58. The company has a 50-day simple moving average of $3.29 and a 200 day simple moving average of $3.55.

Institutional Investors Weigh In On Massimo Group

An institutional investor recently bought a new position in Massimo Group stock. Evernest Financial Advisors LLC purchased a new stake in Massimo Group (NASDAQ:MAMO - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 11,061 shares of the company's stock, valued at approximately $41,000.

About Massimo Group

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.