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

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 - Get Free Report) saw a significant decrease in short interest in the month of 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 daily trading volume, of 27,900 shares, the short-interest 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 daily trading volume, of 27,900 shares, the short-interest ratio is presently 0.3 days.

Massimo Group Stock Performance

Shares of NASDAQ:MAMO traded down $0.14 during mid-day trading on Thursday, hitting $2.85. 1,098,348 shares of the company traded hands, compared to its average volume of 24,151. The firm's 50 day simple moving average is $2.75 and its 200 day simple moving average is $2.54. Massimo Group has a 52-week low of $1.84 and a 52-week high of $4.66.

About Massimo Group

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.