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) saw a significant 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. Based on an average daily volume of 19,900 shares, the short-interest ratio is presently 1.4 days. Currently,0.6% of the shares of the stock are sold short. Currently,0.6% of the shares of the stock are sold short. Based on an average daily volume of 19,900 shares, the short-interest ratio is presently 1.4 days.

Massimo Group Stock Performance

Shares of NASDAQ:MAMO traded down $0.11 during midday trading on Thursday, reaching $2.84. 9,435 shares of the company's stock traded hands, compared to its average volume of 26,384. The company has a fifty day simple moving average of $2.39 and a two-hundred day simple moving average of $2.56. Massimo Group has a 1 year low of $1.84 and a 1 year high of $4.66. The company has a market cap of $118.04 million, a P/E ratio of -56.81 and a beta of -0.08.

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. The firm had revenue of $14.90 million during the quarter. Massimo Group had a negative net margin of 2.21% and a negative return on equity of 6.88%.

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.