Massimo Group (NASDAQ:MAMO) Short Interest Up 59.1% in December

Massimo Group (NASDAQ:MAMO) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 58,700 shares, a growth of 59.1% from the November 30th total of 36,900 shares. Approximately 2.1% of the shares of the stock are sold short. Based on an average trading volume of 129,700 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of Massimo Group

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

Massimo Group Stock Up 0.4 %

Shares of NASDAQ MAMO traded up $0.01 during mid-day trading on Monday, hitting $2.59. 21,277 shares of the company traded hands, compared to its average volume of 70,255. Massimo Group has a 1 year low of $2.42 and a 1 year high of $4.66. The stock has a market capitalization of $107.19 million and a price-to-earnings ratio of 13.63. The business has a 50 day moving average of $3.29 and a two-hundred day moving average of $3.55.

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.