Massimo Group (NASDAQ:MAMO) Short Interest Up 424.9% in February

Massimo Group (NASDAQ:MAMO) was the recipient of a large growth in short interest in February. As of February 13th, there was short interest totaling 558,903 shares, a growth of 424.9% from the January 29th total of 106,478 shares. Currently, 1.3% of the company’s stock are sold short. Based on an average trading volume of 3,934,343 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 3,934,343 shares, the short-interest ratio is presently 0.1 days. Currently, 1.3% of the company’s stock are sold short.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Massimo Group to a “buy” rating in a research note on Saturday, January 10th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Massimo Group presently has a consensus rating of “Sell”.

Massimo Group Price Performance

MAMO stock traded up $0.02 during mid-day trading on Wednesday, reaching $1.02. The company had a trading volume of 286,571 shares, compared to its average volume of 2,164,742. The stock has a 50 day simple moving average of $2.87 and a two-hundred day simple moving average of $3.08. The company has a market capitalization of $42.47 million, a price-to-earnings ratio of -50.97 and a beta of -0.42. Massimo Group has a 52 week low of $0.85 and a 52 week high of $5.59.

Hedge Funds Weigh In On Massimo Group

A number of institutional investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC lifted its stake in Massimo Group by 43.7% in the third quarter. Citadel Advisors LLC now owns 19,218 shares of the company’s stock valued at $45,000 after acquiring an additional 5,844 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new position in shares of Massimo Group during the 4th quarter worth about $69,000. Goldman Sachs Group Inc. bought a new stake in shares of Massimo Group in the 4th quarter valued at about $78,000. Millennium Management LLC acquired a new stake in Massimo Group in the 3rd quarter valued at about $88,000. Finally, Geode Capital Management LLC lifted its stake in Massimo Group by 152.0% in the 4th quarter. Geode Capital Management LLC now owns 75,494 shares of the company’s stock valued at $300,000 after purchasing an additional 45,537 shares during the last quarter.

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.