Short Interest in Massimo Group (NASDAQ:MAMO) Increases By 424.9%

Massimo Group (NASDAQ:MAMO) saw a large increase in short interest in February. As of February 13th, there was short interest totaling 558,903 shares, an increase of 424.9% from the January 29th total of 106,478 shares. Based on an average trading volume of 3,934,343 shares, the short-interest ratio is presently 0.1 days. Approximately 1.3% of the shares of the stock are short sold. Approximately 1.3% of the shares of the stock are short sold. Based on an average trading volume of 3,934,343 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Geode Capital Management LLC increased its position in shares of Massimo Group by 152.0% during the fourth quarter. Geode Capital Management LLC now owns 75,494 shares of the company’s stock valued at $300,000 after acquiring an additional 45,537 shares during the last quarter. Millennium Management LLC acquired a new position in shares of Massimo Group in the 3rd quarter worth approximately $88,000. Goldman Sachs Group Inc. purchased a new position in shares of Massimo Group during the 4th quarter worth approximately $78,000. OMERS ADMINISTRATION Corp purchased a new position in shares of Massimo Group during the 4th quarter worth approximately $69,000. Finally, Citadel Advisors LLC increased its holdings in Massimo Group by 43.7% in the 3rd quarter. Citadel Advisors LLC now owns 19,218 shares of the company’s stock valued at $45,000 after purchasing an additional 5,844 shares during the last quarter.

Massimo Group Stock Up 1.0%

NASDAQ:MAMO traded up $0.01 on Thursday, reaching $1.03. The company’s stock had a trading volume of 60,863 shares, compared to its average volume of 1,212,865. Massimo Group has a 12-month low of $0.85 and a 12-month high of $5.59. The stock has a 50 day moving average price of $2.87 and a 200 day moving average price of $3.08. The firm has a market cap of $42.89 million, a price-to-earnings ratio of -51.67 and a beta of -0.42.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Massimo Group to a “buy” rating in a research report on Saturday, January 10th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

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.