Short Interest in Massimo Group (NASDAQ:MAMO) Decreases By 21.0%

Massimo Group (NASDAQ:MAMO) was the recipient of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 59,500 shares, a decrease of 21.0% from the February 13th total of 75,300 shares. Based on an average daily volume of 66,000 shares, the short-interest ratio is currently 0.9 days. Approximately 1.2% of the shares of the company are sold short.

Massimo Group Price Performance

Massimo Group stock traded up $0.10 during mid-day trading on Wednesday, reaching $2.79. The company had a trading volume of 1,882 shares, compared to its average volume of 67,410. Massimo Group has a 1 year low of $2.42 and a 1 year high of $4.66. The company has a market capitalization of $115.46 million and a P/E ratio of 14.68. The stock’s 50-day simple moving average is $2.89 and its 200-day simple moving average is $3.21.

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.