Short Interest in Massimo Group (NASDAQ:MAMO) Expands By 59.1%

Massimo Group (NASDAQ:MAMO) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 58,700 shares, a growth of 59.1% from the November 30th total of 36,900 shares. Based on an average daily trading volume, of 129,700 shares, the short-interest ratio is currently 0.5 days. Currently, 2.1% of the shares of the company are sold short.

Hedge Funds Weigh In On Massimo Group

An institutional investor recently bought a new position in Massimo Group stock. Evernest Financial Advisors LLC acquired a new stake in Massimo Group (NASDAQ:MAMO) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,061 shares of the company’s stock, valued at approximately $41,000.

Massimo Group Stock Up 0.4 %

NASDAQ MAMO traded up $0.01 during trading hours on Monday, hitting $2.59. The company had a trading volume of 21,277 shares, compared to its average volume of 70,255. Massimo Group has a fifty-two week low of $2.42 and a fifty-two week high of $4.66. The firm has a market cap of $107.19 million and a P/E ratio of 13.63. The business has a fifty day simple moving average of $3.29 and a 200-day simple moving average of $3.55.

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.