Massimo Group (NASDAQ:MAMO) Short Interest Update

Massimo Group (NASDAQ:MAMO - Get Free Report) was the recipient of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 78,400 shares, a decrease of 20.2% from the January 15th total of 98,200 shares. Based on an average trading volume of 104,200 shares, the days-to-cover ratio is presently 0.8 days. Approximately 1.6% of the company's stock are sold short.

Institutional Investors Weigh In On Massimo Group

An institutional investor recently bought a new position in Massimo Group stock. Evernest Financial Advisors LLC acquired a new position in shares of Massimo Group (NASDAQ:MAMO - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 11,061 shares of the company's stock, valued at approximately $41,000.

Massimo Group Stock Down 0.2 %

Shares of MAMO traded down $0.01 during mid-day trading on Wednesday, reaching $2.96. 102,993 shares of the stock traded hands, compared to its average volume of 51,046. The stock has a fifty day simple moving average of $2.80 and a 200 day simple moving average of $3.30. Massimo Group has a 12-month low of $2.42 and a 12-month high of $4.66. The firm has a market cap of $122.28 million and a price-to-earnings ratio of 15.55.

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.