Massimo Group (NASDAQ:MAMO) Stock Short Interest Report for October

Massimo Group (NASDAQ:MAMO) saw a large decline in short interest in the month of October. As of October 30th, there was short interest totaling 11,808 shares, a decline of 79.1% from the October 15th total of 56,374 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 21,979 shares, the days-to-cover ratio is currently 0.5 days.

Massimo Group Trading Down 1.5%

Shares of NASDAQ MAMO traded down $0.01 during midday trading on Thursday, hitting $0.97. The company’s stock had a trading volume of 2,756 shares, compared to its average volume of 629,648. The stock has a fifty day moving average price of $0.96 and a 200 day moving average price of $1.06. Massimo Group has a one year low of $0.66 and a one year high of $5.59. The firm has a market capitalization of $40.60 million, a price-to-earnings ratio of 9.75 and a beta of 0.32.

Massimo Group (NASDAQ:MAMO) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.03 EPS for the quarter. The company had revenue of $14.92 million for the quarter. Massimo Group had a net margin of 6.04% and a return on equity of 17.60%.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Massimo Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, September 25th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, Massimo Group currently has an average rating of “Sell”.

Institutional Investors Weigh In On Massimo Group

A hedge fund recently bought a new stake in Massimo Group stock. Bank of America Corp DE acquired a new stake in shares of Massimo Group (NASDAQ:MAMO) during the second quarter, according to its most recent filing with the SEC. The fund acquired 250,000 shares of the company’s stock, valued at approximately $241,000. Bank of America Corp DE owned 0.60% of Massimo Group as of its most recent filing with the SEC.

About Massimo Group

Massimo Group (NASDAQ:MAMO) is a powersports and marine products company that designs, develops, markets and distributes recreational and utility vehicles, as well as pontoon boats. Its product portfolio includes utility-terrain vehicles, all-terrain vehicles, motorcycles and related powersports products, along with a range of pontoon boats sold under the Massimo Marine brand. The company markets its products primarily through a network of dealers and distributors, as well as online and other retail channels.