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

Massimo Group (NASDAQ:MAMO) was the recipient of a large drop in short interest in February. As of February 27th, there was short interest totaling 439,378 shares, a drop of 21.4% from the February 12th total of 558,903 shares. Based on an average daily volume of 200,812 shares, the short-interest ratio is currently 2.2 days. Approximately 1.1% of the shares of the stock are short sold. Approximately 1.1% of the shares of the stock are short sold. Based on an average daily volume of 200,812 shares, the short-interest ratio is currently 2.2 days.

Institutional Trading of Massimo Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in MAMO. OMERS ADMINISTRATION Corp acquired a new stake in shares of Massimo Group during the 4th quarter worth approximately $69,000. Citadel Advisors LLC lifted its holdings in Massimo Group by 43.7% in the third quarter. Citadel Advisors LLC now owns 19,218 shares of the company’s stock valued at $45,000 after buying an additional 5,844 shares during the period. Goldman Sachs Group Inc. bought a new position in Massimo Group in the fourth quarter valued at approximately $78,000. Millennium Management LLC bought a new position in Massimo Group in the third quarter valued at approximately $88,000. Finally, Geode Capital Management LLC grew its holdings 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 acquiring an additional 45,537 shares during the period.

Analyst Ratings Changes

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

Massimo Group Stock Performance

MAMO traded up $0.02 during mid-day trading on Friday, reaching $1.10. The stock had a trading volume of 275,862 shares, compared to its average volume of 188,449. The firm’s fifty day simple moving average is $2.09 and its two-hundred day simple moving average is $2.92. The stock has a market capitalization of $45.81 million, a P/E ratio of -54.97 and a beta of 0.52. Massimo Group has a 52 week low of $0.85 and a 52 week high of $5.59.

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.