Massimo Group (NASDAQ:MAMO) Short Interest Up 289.9% in July

Key Points

• Massimo Group's short interest increased by 289.9% in July, reaching a total of 26,900 shares as of July 15th.
• The stock price of Massimo Group rose by 1.6%, opening at $2.53, with a market capitalization of $105.12 million.
• Despite reporting a revenue of $14.90 million for the last quarter, the company has a negative EPS of ($0.05) and a negative return on equity of 6.88%.

Massimo Group (NASDAQ:MAMO - Get Free Report) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 26,900 shares, anincreaseof289.9% from the June 30th total of 6,900 shares. Approximately0.6% of the company's shares are short sold. Based on an average trading volume of 19,900 shares, the short-interest ratio is currently 1.4 days. Based on an average trading volume of 19,900 shares, the short-interest ratio is currently 1.4 days. Approximately0.6% of the company's shares are short sold.

Massimo Group Stock Up 3.5%

Shares of MAMO stock traded up $0.10 during trading hours on Tuesday, hitting $2.80. 24,915 shares of the company were exchanged, compared to its average volume of 26,573. The firm has a market cap of $116.13 million, a PE ratio of -56.29 and a beta of -0.08. Massimo Group has a 1 year low of $1.84 and a 1 year high of $4.66. The firm has a fifty day moving average of $2.36 and a 200 day moving average of $2.56.

Massimo Group (NASDAQ:MAMO - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The company reported ($0.05) earnings per share for the quarter. Massimo Group had a negative return on equity of 6.88% and a negative net margin of 2.21%. The company 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.