Massimo Group (NASDAQ:MAMO) Short Interest Down 56.2% in August

Key Points

• Massimo Group's short interest decreased by 56.2% in August, dropping from 16,200 shares to 7,100 shares.
• The company's stock price remained flat at $3.00, with a market capitalization of $124.92 million.
• Massimo Group manufactures and sells various vehicles and accessories, including utility terrain vehicles and electric vehicle chargers.

Massimo Group (NASDAQ:MAMO - ) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 7,100 shares, a decrease of 56.2% from the August 15th total of 16,200 shares. Based on an average trading volume of 27,900 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the company's stock are short sold. Approximately 0.2% of the company's stock are short sold. Based on an average trading volume of 27,900 shares, the days-to-cover ratio is presently 0.3 days.

Massimo Group Price Performance

Shares of MAMO remained flat at $3.00 during mid-day trading on Friday. 18,080 shares of the stock traded hands, compared to its average volume of 25,344. Massimo Group has a 12-month low of $1.84 and a 12-month high of $4.66. The company has a market capitalization of $124.92 million, a P/E ratio of -25.00 and a beta of -0.05. The firm's fifty day simple moving average is $2.70 and its 200 day simple moving average is $2.54.

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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