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

Massimo Group (NASDAQ:MAMO) saw a large growth in short interest in 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. Based on an average trading volume of 129,700 shares, the days-to-cover ratio is presently 0.5 days. Currently, 2.1% of the shares of the company are sold short.

Massimo Group Stock Performance

Shares of MAMO opened at $2.58 on Monday. The firm has a market cap of $106.77 million and a P/E ratio of 13.58. The business has a 50-day moving average of $3.29 and a 200 day moving average of $3.55. Massimo Group has a fifty-two week low of $2.42 and a fifty-two week high of $4.66.

Institutional Trading of Massimo Group

A hedge fund recently bought a new stake in Massimo Group stock. Evernest Financial Advisors LLC acquired a new position in shares of Massimo Group (NASDAQ:MAMO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 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.