Massimo Group (NASDAQ:MAMO) Short Interest Down 21.0% in February

Massimo Group (NASDAQ:MAMO) was the target of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 59,500 shares, a decline of 21.0% from the February 13th total of 75,300 shares. Based on an average daily volume of 66,000 shares, the days-to-cover ratio is currently 0.9 days. Currently, 1.2% of the company’s shares are sold short.

Massimo Group Stock Performance

Shares of NASDAQ:MAMO traded up $0.07 during trading on Monday, reaching $2.77. 4,006 shares of the stock were exchanged, compared to its average volume of 41,643. Massimo Group has a 12-month low of $2.42 and a 12-month high of $4.66. The firm has a market cap of $114.43 million and a price-to-earnings ratio of 14.55. The firm’s 50-day moving average price is $2.88 and its 200 day moving average price is $3.22.

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.