Short Interest in MaxsMaking Inc. (NASDAQ:MAMK) Drops By 29.5%

Key Points

• Short interest fell 29.5% in March to 51,663 shares (about 0.3% of shares), with the days-to-cover ratio effectively infinite due to a reported average daily volume of zero.
• MAMK traded down $0.02 to $13.00 on Friday with 264,600 shares changing hands; the 50-day and 200-day moving averages are $13.00 and $10.11, and the 52-week range is $1.87–$14.30.
• In the most recent quarter MaxsMaking reported a loss of ($0.01) per share on revenue of $8.41 million.

MaxsMaking Inc. (NASDAQ:MAMK - Get Free Report) was the target of a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 51,663 shares, a decline of 29.5% from the February 26th total of 73,263 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days. Approximately 0.3% of the shares of the company are short sold.

MaxsMaking Price Performance

MAMK traded down $0.02 during trading on Friday, reaching $13.00. 264,600 shares of the company were exchanged. The firm has a 50 day moving average of $13.00 and a 200 day moving average of $10.11. MaxsMaking has a 52 week low of $1.87 and a 52 week high of $14.30.

MaxsMaking (NASDAQ:MAMK - Get Free Report) last issued its earnings results on Wednesday, March 4th. The company reported ($0.01) earnings per share for the quarter. The business had revenue of $8.41 million during the quarter.

About MaxsMaking

MaxsMaking Inc is a manufacturer of customized consumer goods. It offers a wide range of customizable products such as backpacks, shopping bags, aprons and other promotional items. MaxsMaking Inc is based in SHANGHAI.

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