Mammoth Energy Services, Inc. (NASDAQ:TUSK) Short Interest Down 24.7% in January

Mammoth Energy Services, Inc. (NASDAQ:TUSK) saw a significant decrease in short interest in January. As of January 31st, there was short interest totalling 333,400 shares, a decrease of 24.7% from the January 15th total of 442,700 shares. Based on an average trading volume of 89,700 shares, the short-interest ratio is presently 3.7 days. Approximately 0.7% of the company’s shares are short sold.

Insider Transactions at Mammoth Energy Services

In other news, Director Corey J. Booker sold 15,000 shares of the stock in a transaction on Monday, November 25th. The shares were 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 of the company’s stock, valued at $435,443.36. This represents a 10.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 30,000 shares of company stock valued at $102,400 over the last 90 days. Corporate insiders own 3.44% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. FMR LLC lifted its position in shares of Mammoth Energy Services by 32.7% in the 3rd quarter. FMR LLC now owns 10,967 shares of the energy company’s stock worth $45,000 after buying an additional 2,705 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Mammoth Energy Services by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 83,157 shares of the energy company’s stock worth $340,000 after buying an additional 4,154 shares during the last quarter. Barclays PLC lifted its position in Mammoth Energy Services by 7.8% in the 4th quarter. Barclays PLC now owns 61,549 shares of the energy company’s stock valued at $185,000 after purchasing an additional 4,468 shares during the last quarter. 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 purchasing an additional 5,400 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Mammoth Energy Services by 11.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 70,674 shares of the energy company’s stock valued at $212,000 after purchasing an additional 7,064 shares during the last quarter. 79.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Mammoth Energy Services Stock Up 4.6 %

Shares of TUSK stock opened at $2.96 on Friday. The firm has a fifty day moving average of $3.02 and a two-hundred day moving average of $3.58. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.25 and a quick ratio of 2.13. Mammoth Energy Services has a 1-year low of $2.50 and a 1-year high of $4.94.

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.