Massimo Group (NASDAQ:MAMO) Short Interest Update

Massimo Group (NASDAQ:MAMO) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 355,241 shares, an increase of 583.8% from the April 15th total of 51,951 shares. Approximately 3.8% of the shares of the company are sold short. Based on an average daily volume of 4,257,739 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Massimo Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. OMERS ADMINISTRATION Corp acquired a new stake in shares of Massimo Group in the fourth quarter worth about $69,000. Citadel Advisors LLC increased its stake in shares of Massimo Group by 43.7% in the third quarter. Citadel Advisors LLC now owns 19,218 shares of the company’s stock worth $45,000 after purchasing an additional 5,844 shares during the period. Goldman Sachs Group Inc. bought a new position in shares of Massimo Group in the fourth quarter worth about $78,000. Millennium Management LLC bought a new position in Massimo Group during the third quarter valued at about $88,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Massimo Group by 152.0% in the 4th quarter. Geode Capital Management LLC now owns 75,494 shares of the company’s stock worth $300,000 after acquiring an additional 45,537 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Massimo Group in a research report on Friday, May 1st. Wall Street Zen raised Massimo Group from a “hold” rating to a “buy” rating in a report on Sunday, March 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Massimo Group currently has a consensus rating of “Sell”.

Massimo Group Trading Down 1.7%

NASDAQ:MAMO traded down $0.02 on Tuesday, hitting $0.98. 18,628 shares of the stock were exchanged, compared to its average volume of 1,306,065. The stock has a market cap of $40.89 million, a PE ratio of 24.55 and a beta of 0.45. The stock has a fifty day moving average of $1.02 and a 200-day moving average of $2.43. Massimo Group has a fifty-two week low of $0.85 and a fifty-two week high of $5.59.

Massimo Group (NASDAQ:MAMO) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $0.05 EPS for the quarter. The firm had revenue of $21.02 million during the quarter. Massimo Group had a return on equity of 7.49% and a net margin of 2.10%.

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. The company sells its products through a network of dealerships, distributors, and chain stores, as well as the e-commerce marketplace.