Massimo Group (NASDAQ:MAMO) Short Interest Up 38.8% in January

Massimo Group (NASDAQ:MAMO) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 142,995 shares, a growth of 38.8% from the December 31st total of 102,989 shares. Based on an average trading volume of 206,063 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.3% of the shares of the stock are sold short. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 206,063 shares, the days-to-cover ratio is presently 0.7 days.

Wall Street Analyst Weigh In

A number of analysts have recently commented on MAMO shares. Wall Street Zen raised shares of Massimo Group to a “buy” rating in a research note on Saturday, January 10th. Weiss Ratings reissued a “sell (d)” rating on shares of Massimo Group in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Hedge Funds Weigh In On Massimo Group

A hedge fund recently raised its stake in Massimo Group stock. Citadel Advisors LLC increased its holdings in Massimo Group (NASDAQ:MAMO) by 43.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,218 shares of the company’s stock after acquiring an additional 5,844 shares during the quarter. Citadel Advisors LLC’s holdings in Massimo Group were worth $45,000 at the end of the most recent quarter.

Massimo Group Price Performance

Shares of NASDAQ:MAMO traded down $0.14 during mid-day trading on Friday, reaching $3.20. 23,425 shares of the company were exchanged, compared to its average volume of 125,021. Massimo Group has a 1 year low of $1.84 and a 1 year high of $5.59. The firm’s 50-day simple moving average is $3.95 and its 200 day simple moving average is $3.27. The firm has a market cap of $133.25 million, a price-to-earnings ratio of -159.92 and a beta of -0.45.

Massimo Group (NASDAQ:MAMO) last released its earnings results on Friday, November 7th. The company reported $0.04 earnings per share for the quarter. The company had revenue of $16.99 million during the quarter. Massimo Group had a negative return on equity of 3.96% and a negative net margin of 1.17%.

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.