Massimo Group (NASDAQ:MAMO) Sees Large Growth in Short Interest

Massimo Group (NASDAQ:MAMO) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 142,995 shares, an increase of 38.8% from the December 31st total of 102,989 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 206,063 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 206,063 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.3% of the shares of the company are short sold.

Massimo Group Stock Down 4.2%

Shares of NASDAQ MAMO traded down $0.14 during midday trading on Friday, hitting $3.20. The company had a trading volume of 23,425 shares, compared to its average volume of 125,021. The firm has a market capitalization of $133.25 million, a price-to-earnings ratio of -159.92 and a beta of -0.45. Massimo Group has a twelve month low of $1.84 and a twelve month high of $5.59. The business has a 50-day simple moving average of $3.95 and a two-hundred day simple moving average of $3.27.

Massimo Group (NASDAQ:MAMO) last posted its quarterly earnings results on Friday, November 7th. The company reported $0.04 earnings per share (EPS) for the quarter. Massimo Group had a negative net margin of 1.17% and a negative return on equity of 3.96%. The company had revenue of $16.99 million during the quarter.

Institutional Investors Weigh In On Massimo Group

An institutional investor recently bought a new position in Massimo Group stock. Millennium Management LLC bought a new stake in shares of Massimo Group (NASDAQ:MAMO) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 37,284 shares of the company’s stock, valued at approximately $88,000. Millennium Management LLC owned approximately 0.09% of Massimo Group at the end of the most recent quarter.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MAMO. Wall Street Zen raised Massimo Group to a “buy” rating in a report on Saturday, January 10th. Weiss Ratings restated a “sell (d)” rating on shares of Massimo Group in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Massimo Group has a consensus rating of “Sell”.

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. The company sells its products through a network of dealerships, distributors, and chain stores, as well as the e-commerce marketplace.