Massimo Group (NASDAQ:MAMO) Sees Large Decline in Short Interest

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) saw a significant 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. Currently,0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 22,300 shares, the short-interest ratio is currently 0.8 days. Based on an average daily trading volume, of 22,300 shares, the short-interest ratio is currently 0.8 days. Currently,0.4% of the shares of the stock are sold short.

Massimo Group Trading Up 4.2%

NASDAQ:MAMO traded up $0.12 during trading hours on Wednesday, hitting $3.00. 641 shares of the stock traded hands, compared to its average volume of 25,921. The firm has a 50 day moving average price of $2.54 and a 200 day moving average price of $2.56. Massimo Group has a fifty-two week low of $1.84 and a fifty-two week high of $4.66. The firm has a market cap of $124.64 million, a price-to-earnings ratio of -25.00 and a beta of -0.08.

Massimo Group (NASDAQ:MAMO - Get Free Report) last announced its earnings results on Tuesday, May 20th. The company reported ($0.05) earnings per share (EPS) for the quarter. Massimo Group had a negative net margin of 6.11% and a negative return on equity of 23.03%. The firm had revenue of $14.90 million for the quarter.

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.

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