Massimo Group (NASDAQ:MAMO) Short Interest Update

Massimo Group (NASDAQ:MAMO - Get Free Report) was the recipient of a large drop in short interest in May. As of May 15th, there was short interest totalling 9,900 shares, a drop of 69.3% from the April 30th total of 32,200 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 11,300 shares, the days-to-cover ratio is currently 0.9 days.

Massimo Group Stock Up 1.6%

NASDAQ MAMO traded up $0.04 on Friday, reaching $2.28. 1,892 shares of the stock traded hands, compared to its average volume of 49,575. The firm's fifty day simple moving average is $2.43 and its 200 day simple moving average is $2.71. The company has a market cap of $94.52 million and a price-to-earnings ratio of 11.97. Massimo Group has a 12 month low of $2.11 and a 12 month high of $4.66.

Massimo Group (NASDAQ:MAMO - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The company reported ($0.05) earnings per share (EPS) for the quarter. Massimo Group had a net margin of 6.90% and a return on equity of 39.46%. The firm 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.