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

Massimo Group (NASDAQ:MAMO) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totalling 58,700 shares, an increase of 59.1% from the November 30th total of 36,900 shares. Based on an average daily 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 short sold.

Massimo Group Stock Up 4.0 %

Shares of NASDAQ MAMO opened at $2.58 on Monday. The company has a market capitalization of $106.77 million and a PE ratio of 13.58. The stock’s 50 day moving average price is $3.29 and its 200-day moving average price is $3.55. Massimo Group has a twelve month low of $2.42 and a twelve month high of $4.66.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Massimo Group stock. Evernest Financial Advisors LLC bought a new position in shares of Massimo Group (NASDAQ:MAMO) during the third quarter, according to its most recent filing with the SEC. The fund bought 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.