Short Interest in Massimo Group (NASDAQ:MAMO) Decreases By 21.0%

Massimo Group (NASDAQ:MAMO - Get Free Report) was the target of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 59,500 shares, a drop of 21.0% from the February 13th total of 75,300 shares. Currently, 1.2% of the shares of the company are short sold. Based on an average daily volume of 66,000 shares, the short-interest ratio is presently 0.9 days.

Massimo Group Stock Performance

NASDAQ MAMO remained flat at $2.80 on Friday. The company's stock had a trading volume of 5,175 shares, compared to its average volume of 66,894. The stock has a market capitalization of $115.88 million and a P/E ratio of 14.74. The stock's fifty day moving average is $2.89 and its two-hundred day moving average is $3.21. Massimo Group has a 52-week low of $2.42 and a 52-week high of $4.66.

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.