Massimo Group (NASDAQ:MAMO) Short Interest Update

Massimo Group (NASDAQ:MAMO) was the target of a large increase in short interest in December. As of December 15th, there was short interest totaling 115,539 shares, an increase of 373.1% from the November 30th total of 24,424 shares. Based on an average daily trading volume, of 330,376 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the shares of the stock are short sold. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 330,376 shares, the short-interest ratio is presently 0.3 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Massimo Group in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Hedge Funds 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 Massimo Group (NASDAQ:MAMO) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Massimo Group Trading Up 1.5%

Shares of Massimo Group stock opened at $4.09 on Friday. The stock has a market capitalization of $170.31 million, a price-to-earnings ratio of -204.40 and a beta of -0.56. Massimo Group has a 1-year low of $1.84 and a 1-year high of $5.39. The firm’s 50-day moving average price is $3.73 and its two-hundred day moving average price is $3.03.

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

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.