Short Interest in Massimo Group (NASDAQ:MAMO) Drops By 26.7%

Massimo Group (NASDAQ:MAMO - Get Free Report) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 38,500 shares, a drop of 26.7% from the March 31st total of 52,500 shares. Based on an average daily trading volume, of 27,600 shares, the short-interest ratio is presently 1.4 days. Currently, 0.8% of the company's shares are sold short.

Massimo Group Price Performance

Shares of Massimo Group stock traded down $0.08 during trading on Friday, hitting $2.28. 3,534 shares of the company were exchanged, compared to its average volume of 51,113. The firm has a market capitalization of $94.73 million and a P/E ratio of 12.00. The firm's fifty day moving average price is $2.63 and its 200 day moving average price is $2.94. Massimo Group has a 1-year low of $2.16 and a 1-year high of $4.66.

Massimo Group (NASDAQ:MAMO - Get Free Report) last issued its quarterly earnings data on Wednesday, March 26th. The company reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $20.05 million for the quarter. Massimo Group had a net margin of 6.90% and a return on equity of 39.46%.

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.