Massimo Group (NASDAQ:MAMO) Short Interest Update

Massimo Group (NASDAQ:MAMO) was the recipient of a large decrease in short interest during 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 daily trading volume, of 104,200 shares, the days-to-cover ratio is currently 0.8 days. Approximately 1.6% of the shares of the stock are short sold.

Institutional Investors Weigh In On Massimo Group

An institutional investor recently bought a new position in Massimo Group stock. Evernest Financial Advisors LLC bought a new stake in shares of Massimo Group (NASDAQ:MAMO) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 11,061 shares of the company’s stock, valued at approximately $41,000.

Massimo Group Stock Performance

Shares of NASDAQ:MAMO opened at $3.03 on Monday. The business’s fifty day moving average price is $2.80 and its two-hundred day moving average price is $3.31. The stock has a market cap of $125.40 million and a PE ratio of 15.95. Massimo Group has a one year low of $2.42 and a one year high of $4.66.

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.