Massimo Group (NASDAQ:MAMO – Get Free Report) was the recipient of a significant decline in short interest in May. As of May 29th, there was short interest totaling 219,961 shares, a decline of 40.0% from the May 14th total of 366,324 shares. Approximately 2.4% of the company’s stock are short sold. Based on an average daily volume of 112,833 shares, the short-interest ratio is presently 1.9 days.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on MAMO. Wall Street Zen upgraded shares of Massimo Group from a “hold” rating to a “buy” rating in a report on Sunday, March 29th. Weiss Ratings restated a “sell (d)” rating on shares of Massimo Group in a report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.
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Massimo Group Price Performance
Massimo Group (NASDAQ:MAMO – Get Free Report) last announced its quarterly earnings data on Friday, May 15th. The company reported ($0.02) earnings per share for the quarter. The business had revenue of $12.72 million during the quarter. Massimo Group had a net margin of 3.72% and a return on equity of 12.15%.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its stake in Massimo Group by 152.0% in the fourth quarter. Geode Capital Management LLC now owns 75,494 shares of the company’s stock worth $300,000 after acquiring an additional 45,537 shares during the last quarter. Millennium Management LLC purchased a new position in Massimo Group in the third quarter worth approximately $88,000. Goldman Sachs Group Inc. purchased a new position in Massimo Group in the fourth quarter worth approximately $78,000. OMERS ADMINISTRATION Corp purchased a new position in Massimo Group in the fourth quarter worth approximately $69,000. Finally, Citadel Advisors LLC lifted its stake in Massimo Group by 43.7% in the third quarter. Citadel Advisors LLC now owns 19,218 shares of the company’s stock worth $45,000 after acquiring an additional 5,844 shares during 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.
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