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

Massimo Group (NASDAQ:MAMO) was the target 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. Based on an average trading volume of 104,200 shares, the days-to-cover ratio is presently 0.8 days. Approximately 1.6% of the shares of the company are sold short.

Massimo Group Trading Up 0.7 %

Shares of Massimo Group stock traded up $0.02 during trading hours on Friday, hitting $3.03. 168,895 shares of the company were exchanged, compared to its average volume of 42,267. Massimo Group has a 1 year low of $2.42 and a 1 year high of $4.66. The business has a 50-day moving average of $2.80 and a 200-day moving average of $3.32. The stock has a market capitalization of $125.38 million and a price-to-earnings ratio of 15.95.

Institutional Investors Weigh In On Massimo Group

A hedge fund recently bought a new stake in Massimo Group stock. Evernest Financial Advisors LLC purchased a new position in shares of Massimo Group (NASDAQ:MAMO) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,061 shares of the company’s stock, valued at approximately $41,000.

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.