Short Interest in Mammoth Energy Services, Inc. (NASDAQ:TUSK) Grows By 38.0%

Mammoth Energy Services, Inc. (NASDAQ:TUSK) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 381,100 shares, a growth of 38.0% from the December 15th total of 276,100 shares. Based on an average daily volume of 101,300 shares, the days-to-cover ratio is currently 3.8 days. Currently, 0.8% of the company’s shares are short sold.

Mammoth Energy Services Stock Up 7.9 %

NASDAQ:TUSK opened at $3.28 on Thursday. Mammoth Energy Services has a 12 month low of $2.50 and a 12 month high of $4.94. 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 company has a 50-day moving average price of $3.15 and a 200-day moving average price of $3.61.

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 analysts’ consensus estimates of ($0.01) by ($0.49). The firm had revenue of $40.02 million for the quarter. Mammoth Energy Services had a negative return on equity of 53.85% and a negative net margin of 105.49%. During the same quarter last year, the business earned ($0.02) EPS.

Analysts Set New Price Targets

Separately, StockNews.com raised Mammoth Energy Services from a “sell” rating to a “hold” rating in a research note on Friday, December 27th.

Insider Buying and Selling

In other Mammoth Energy Services news, Director Corey J. Booker sold 15,000 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $3.47, for a total value of $52,050.00. Following the completion of the sale, the director now owns 125,488 shares in the company, valued at approximately $435,443.36. This trade represents a 10.68 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold 33,659 shares of company stock valued at $115,657 over the last ninety days. 3.44% of the stock is owned by insiders.

Hedge Funds Weigh In On Mammoth Energy Services

Institutional investors have recently added to or reduced their stakes in the company. Royce & Associates LP grew its position in shares of Mammoth Energy Services by 15.2% in the 3rd quarter. Royce & Associates LP now owns 1,351,224 shares of the energy company’s stock worth $5,527,000 after buying an additional 178,240 shares during the period. Dimensional Fund Advisors LP boosted its stake in Mammoth Energy Services by 14.0% during the second quarter. Dimensional Fund Advisors LP now owns 806,280 shares of the energy company’s stock worth $2,645,000 after acquiring an additional 99,093 shares in the last quarter. Wellington Management Group LLP purchased a new stake in Mammoth Energy Services in the third quarter worth about $197,000. Barclays PLC increased its stake in shares of Mammoth Energy Services by 65.1% during the third quarter. Barclays PLC now owns 57,081 shares of the energy company’s stock valued at $233,000 after purchasing an additional 22,503 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Mammoth Energy Services during the third quarter valued at approximately $53,000. Institutional investors own 79.67% of the company’s stock.

Mammoth Energy Services Company Profile

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.