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

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

Institutional Investors Weigh In On Massimo Group

An institutional investor recently bought a new position in Massimo Group stock. Evernest Financial Advisors LLC bought a new position in Massimo Group (NASDAQ:MAMO) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,061 shares of the company’s stock, valued at approximately $41,000.

Massimo Group Stock Performance

Shares of Massimo Group stock traded up $0.02 during trading on Friday, hitting $3.03. 168,895 shares of the company’s stock were exchanged, compared to its average volume of 42,267. The stock has a market capitalization of $125.40 million and a price-to-earnings ratio of 15.95. The business has a 50-day simple moving average of $2.80 and a 200-day simple moving average of $3.32. Massimo Group has a 52-week low of $2.42 and a 52-week high of $4.66.

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.