Massimo Group (NASDAQ:MAMO) Stock Short Interest Report for October

Massimo Group (NASDAQ:MAMO) was the recipient of a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 11,808 shares, a decrease of 79.1% from the October 15th total of 56,374 shares. Based on an average trading volume of 21,979 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the company’s stock are sold short.

Massimo Group Stock Down 2.0%

Shares of NASDAQ MAMO traded down $0.02 during midday trading on Friday, hitting $0.96. The stock had a trading volume of 1,930 shares, compared to its average volume of 626,796. The business’s 50 day moving average is $0.96 and its 200-day moving average is $1.05. Massimo Group has a 52 week low of $0.66 and a 52 week high of $5.59. The company has a market cap of $39.97 million, a P/E ratio of 9.60 and a beta of 0.32.

Massimo Group (NASDAQ:MAMO) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.03 earnings per share for the quarter. The company had revenue of $14.92 million during the quarter. Massimo Group had a net margin of 6.04% and a return on equity of 17.60%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Massimo Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, September 25th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Massimo Group currently has a consensus rating of “Sell”.

Institutional Trading of Massimo Group

A hedge fund recently bought a new position in Massimo Group stock. Bank of America Corp DE purchased a new stake in shares of Massimo Group (NASDAQ:MAMO) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 250,000 shares of the company’s stock, valued at approximately $241,000. Bank of America Corp DE owned approximately 0.60% of Massimo Group at the end of the most recent reporting period.

Massimo Group Company Profile

Massimo Group (NASDAQ:MAMO) is a powersports and marine products company that designs, develops, markets and distributes recreational and utility vehicles, as well as pontoon boats. Its product portfolio includes utility-terrain vehicles, all-terrain vehicles, motorcycles and related powersports products, along with a range of pontoon boats sold under the Massimo Marine brand. The company markets its products primarily through a network of dealers and distributors, as well as online and other retail channels.