Massimo Group (NASDAQ:MAMO) Short Interest Update

Massimo Group (NASDAQ:MAMO) was the recipient of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 206,498 shares, a decrease of 53.0% from the February 26th total of 439,378 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 164,059 shares, the short-interest ratio is currently 1.3 days.

Massimo Group Stock Down 4.0%

NASDAQ:MAMO traded down $0.04 during midday trading on Thursday, hitting $0.94. The stock had a trading volume of 84,271 shares, compared to its average volume of 848,074. Massimo Group has a one year low of $0.85 and a one year high of $5.59. The company has a market capitalization of $39.15 million, a price-to-earnings ratio of -46.99 and a beta of 0.52. The stock has a 50-day moving average of $1.65 and a 200 day moving average of $2.83.

Hedge Funds Weigh In On Massimo Group

A number of hedge funds and other institutional investors have recently made changes to their positions in MAMO. Geode Capital Management LLC increased its stake in shares of Massimo Group by 152.0% during the fourth 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 period. Millennium Management LLC purchased a new stake in Massimo Group in the third quarter worth about $88,000. Goldman Sachs Group Inc. bought a new position in Massimo Group during the 4th quarter worth about $78,000. Citadel Advisors LLC grew its holdings in Massimo Group by 43.7% during the 3rd quarter. Citadel Advisors LLC now owns 19,218 shares of the company’s stock worth $45,000 after acquiring an additional 5,844 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new position in Massimo Group during the 4th quarter valued at about $69,000.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Massimo Group from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average 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.