Massimo Group (NASDAQ:MAMO) Short Interest Down 21.4% in February

Massimo Group (NASDAQ:MAMO) was the target of a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 439,378 shares, a decrease of 21.4% from the February 12th total of 558,903 shares. Approximately 1.1% of the company’s shares are short sold. Based on an average daily volume of 200,812 shares, the days-to-cover ratio is currently 2.2 days. Based on an average daily volume of 200,812 shares, the days-to-cover ratio is currently 2.2 days. Approximately 1.1% of the company’s shares are short sold.

Massimo Group Trading Up 1.9%

Shares of MAMO stock traded up $0.02 on Friday, hitting $1.10. The stock had a trading volume of 275,862 shares, compared to its average volume of 188,449. Massimo Group has a twelve month low of $0.85 and a twelve month high of $5.59. The firm has a market cap of $45.81 million, a P/E ratio of -54.97 and a beta of 0.52. The company has a fifty day moving average price of $2.09 and a two-hundred day moving average price of $2.92.

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Massimo Group to a “buy” rating in a research note on Saturday, January 10th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus 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.