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

Massimo Group (NASDAQ:MAMO) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totaling 142,995 shares, a growth of 38.8% from the December 31st total of 102,989 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 206,063 shares, the days-to-cover ratio is presently 0.7 days. Based on an average trading volume of 206,063 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.3% 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. Millennium Management LLC purchased a new position in shares of Massimo Group (NASDAQ:MAMO) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 37,284 shares of the company’s stock, valued at approximately $88,000. Millennium Management LLC owned about 0.09% of Massimo Group as of its most recent SEC filing.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Wall Street Zen upgraded Massimo Group to a “buy” rating in a research report on Saturday, January 10th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Massimo Group in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Massimo Group Trading Down 1.3%

Shares of NASDAQ:MAMO traded down $0.04 during mid-day trading on Monday, reaching $3.16. The stock had a trading volume of 11,605 shares, compared to its average volume of 124,119. The firm has a 50 day simple moving average of $3.93 and a two-hundred day simple moving average of $3.28. Massimo Group has a twelve month low of $1.84 and a twelve month high of $5.59. The firm has a market cap of $131.59 million, a PE ratio of -157.92 and a beta of -0.45.

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

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.