Massimo Group (NASDAQ:MAMO) Short Interest Down 20.2% in January

Massimo Group (NASDAQ:MAMO) was the recipient of a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 78,400 shares, a drop of 20.2% from the January 15th total of 98,200 shares. Approximately 1.6% of the shares of the stock are short sold. Based on an average trading volume of 104,200 shares, the short-interest ratio is currently 0.8 days.

Institutional Trading of Massimo Group

A hedge fund recently bought a new stake in Massimo Group stock. Evernest Financial Advisors LLC purchased a new stake in Massimo Group (NASDAQ:MAMO) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 11,061 shares of the company’s stock, valued at approximately $41,000.

Massimo Group Trading Up 0.7 %

MAMO traded up $0.02 during trading on Friday, hitting $3.03. The company’s stock had a trading volume of 168,895 shares, compared to its average volume of 42,267. Massimo Group has a twelve month low of $2.42 and a twelve month high of $4.66. The business’s fifty day simple moving average is $2.80 and its 200 day simple moving average is $3.32. The firm has a market capitalization of $125.40 million and a price-to-earnings ratio of 15.95.

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.