Massimo Group (NASDAQ:MAMO) Short Interest Update

Massimo Group (NASDAQ:MAMO) saw a significant decline in short interest in August. As of August 31st, there was short interest totaling 67,533 shares, a decline of 55.2% from the August 15th total of 150,878 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily volume of 52,653 shares, the days-to-cover ratio is currently 1.3 days.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of Massimo Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, September 4th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Massimo Group Stock Performance

Shares of MAMO stock traded down $0.02 during mid-day trading on Tuesday, hitting $0.96. 16,026 shares of the stock traded hands, compared to its average volume of 32,900. 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 $39.79 million, a price-to-earnings ratio of 9.80 and a beta of 0.33. The company’s 50-day simple moving average is $1.00 and its 200-day simple moving average is $1.00.

Massimo Group (NASDAQ:MAMO) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.03 earnings per share for the quarter. The company had revenue of $14.92 million during the quarter. Massimo Group had a net margin of 6.04% and a return on equity of 17.60%.

Institutional Trading of Massimo Group

A hedge fund recently bought a new stake in Massimo Group stock. Bank of America Corp DE purchased a new position in shares of Massimo Group (NASDAQ:MAMO) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 250,000 shares of the company’s stock, valued at approximately $241,000. Bank of America Corp DE owned approximately 0.60% of Massimo Group at the end of the most recent reporting period.

About Massimo Group

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.