Short Interest in Massimo Group (NASDAQ:MAMO) Declines By 21.0%

Massimo Group (NASDAQ:MAMO) was the target of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 59,500 shares, a decline of 21.0% from the February 13th total of 75,300 shares. Currently, 1.2% of the company’s shares are short sold. Based on an average trading volume of 66,000 shares, the short-interest ratio is presently 0.9 days.

Massimo Group Stock Performance

MAMO stock traded down $0.09 during mid-day trading on Tuesday, reaching $2.69. 2,823 shares of the stock traded hands, compared to its average volume of 67,683. Massimo Group has a one year low of $2.42 and a one year high of $4.66. The stock has a market capitalization of $111.33 million and a PE ratio of 14.16. The business has a 50-day moving average price of $2.89 and a two-hundred day moving average price of $3.21.

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.