Massimo Group (NASDAQ:MAMO) Short Interest Down 30.1% in July

Key Points

• Massimo Group (NASDAQ:MAMO) experienced a significant 30.1% decline in short interest, with a total of 18,800 shares sold short as of July 31st, compared to 26,900 on July 15th.
• The company's stock traded up 4.2% during recent trading hours, reaching $3.00, with an average trading volume of 25,921 shares.
• Massimo Group reported a negative EPS of $0.05 for the last quarter, with a revenue of $14.90 million and a negative net margin of 6.11%.

Massimo Group (NASDAQ:MAMO - Get Free Report) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 18,800 shares, adecreaseof30.1% from the July 15th total of 26,900 shares. Based on an average daily trading volume, of 22,300 shares, the days-to-cover ratio is presently 0.8 days. Approximately0.4% of the shares of the company are short sold. Approximately0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 22,300 shares, the days-to-cover ratio is presently 0.8 days.

Massimo Group Stock Up 4.6%

MAMO traded up $0.13 during trading on Monday, reaching $2.97. The stock had a trading volume of 9,498 shares, compared to its average volume of 26,944. The firm has a market capitalization of $123.67 million, a price-to-earnings ratio of -24.75 and a beta of -0.08. Massimo Group has a 1-year low of $1.84 and a 1-year high of $4.66. The stock has a 50 day moving average of $2.58 and a two-hundred day moving average of $2.55.

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.