Massimo Group (NASDAQ:MAMO) Short Interest Down 25.5% in January

Massimo Group (NASDAQ:MAMO) saw a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 106,478 shares, a decline of 25.5% from the January 15th total of 142,995 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 41,766 shares, the short-interest ratio is currently 2.5 days. Based on an average daily volume of 41,766 shares, the short-interest ratio is currently 2.5 days. Approximately 0.3% of the company’s stock are short sold.

Massimo Group Price Performance

Shares of MAMO opened at $0.95 on Friday. The stock has a market capitalization of $39.56 million, a PE ratio of -47.48 and a beta of -0.42. The business’s fifty day moving average price is $3.39 and its 200 day moving average price is $3.18. Massimo Group has a 12-month low of $0.87 and a 12-month high of $5.59.

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

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

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.