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

Key Points

• Massimo Group (NASDAQ:MAMO) experienced a significant increase in short interest of 311.7%, rising from 9,400 shares to 38,700 shares as of September 30th, indicating potential bearish sentiment among investors.
• The stock remained relatively stable at $2.74, with a market capitalization of $114.09 million and a PE ratio of -22.83.
• Weiss Ratings reaffirmed a "sell (d)" rating on Massimo Group, contributing to a consensus rating of "Sell" from analysts, reflecting negative outlook on the stock.

Massimo Group (NASDAQ:MAMO - Get Free Report) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 38,700 shares, a growth of 311.7% from the September 15th total of 9,400 shares. Currently, 0.8% of the company's stock are short sold. Based on an average daily volume of 42,700 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 42,700 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.8% of the company's stock are short sold.

Massimo Group Stock Performance

Shares of MAMO stock remained flat at $2.74 on Friday. The company had a trading volume of 8,682 shares, compared to its average volume of 19,518. Massimo Group has a twelve month low of $1.84 and a twelve month high of $4.66. The company has a market capitalization of $114.09 million, a PE ratio of -22.83 and a beta of -0.21. The stock's 50 day moving average is $2.84 and its 200 day moving average is $2.56.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a "sell (d)" rating on shares of Massimo Group in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of "Sell".

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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