Mammoth Energy Services, Inc. (NASDAQ:TUSK) Sees Significant Growth in Short Interest

Mammoth Energy Services, Inc. (NASDAQ:TUSK) saw a significant increase in short interest in January. As of January 15th, there was short interest totalling 381,100 shares, an increase of 38.0% from the December 31st total of 276,100 shares. Approximately 0.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 101,300 shares, the days-to-cover ratio is presently 3.8 days.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Mammoth Energy Services from a “sell” rating to a “hold” rating in a research report on Friday, December 27th.

Insider Activity

In other news, Director Corey J. Booker sold 10,000 shares of Mammoth Energy Services stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $3.43, for a total value of $34,300.00. Following the completion of the sale, the director now directly owns 140,488 shares of the company’s stock, valued at approximately $481,873.84. This trade represents a 6.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders sold 33,659 shares of company stock worth $115,657. 3.44% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Mammoth Energy Services

Several institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC lifted its stake in Mammoth Energy Services by 32.7% in the third quarter. FMR LLC now owns 10,967 shares of the energy company’s stock valued at $45,000 after buying an additional 2,705 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Mammoth Energy Services by 5.3% during the third quarter. Empowered Funds LLC now owns 83,157 shares of the energy company’s stock worth $340,000 after acquiring an additional 4,154 shares during the period. State Street Corp lifted its position in Mammoth Energy Services by 1.4% in the 3rd quarter. State Street Corp now owns 403,688 shares of the energy company’s stock valued at $1,651,000 after acquiring an additional 5,400 shares in the last quarter. Geode Capital Management LLC boosted its stake in Mammoth Energy Services by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 528,850 shares of the energy company’s stock worth $2,163,000 after purchasing an additional 9,852 shares during the period. Finally, SG Americas Securities LLC bought a new position in Mammoth Energy Services during the 3rd quarter worth about $42,000. 79.67% of the stock is currently owned by institutional investors and hedge funds.

Mammoth Energy Services Trading Up 0.3 %

NASDAQ TUSK traded up $0.01 during trading on Friday, reaching $3.00. 17,896 shares of the stock traded hands, compared to its average volume of 67,064. Mammoth Energy Services has a fifty-two week low of $2.50 and a fifty-two week high of $4.94. The firm has a market cap of $144.39 million, a price-to-earnings ratio of -0.73 and a beta of 1.61. The company has a quick ratio of 2.13, a current ratio of 2.25 and a debt-to-equity ratio of 0.18. The stock’s 50-day moving average price is $3.11 and its 200 day moving average price is $3.62.

Mammoth Energy Services (NASDAQ:TUSK) last posted its earnings results on Friday, November 1st. The energy company reported ($0.50) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.49). Mammoth Energy Services had a negative return on equity of 53.85% and a negative net margin of 105.49%. The business had revenue of $40.02 million for the quarter. During the same quarter in the previous year, the company posted ($0.02) EPS.

About Mammoth Energy Services

Mammoth Energy Services, Inc operates as an energy services company in the United States, Canada, and internationally. The company operates in four segments: Well Completion Services, Infrastructure Services, Natural Sand Proppant Services, and Drilling Services. The company offers pressure pumping and hydraulic fracturing, sand hauling, and water transfer services; and master services agreements.