Massimo Group (NASDAQ:MAMO) Short Interest Up 424.9% in February

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

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded 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, the stock has an average rating of “Sell”.

Massimo Group Trading Up 2.0%

Shares of NASDAQ:MAMO traded up $0.02 during trading on Wednesday, reaching $1.02. 286,571 shares of the stock were exchanged, compared to its average volume of 2,164,742. 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 $42.47 million, a PE ratio of -50.97 and a beta of -0.42.

Institutional Inflows and Outflows

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

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.