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

Mammoth Energy Services, Inc. (NASDAQ:TUSK) was the target of a large 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 company’s stock are sold short. Based on an average daily volume of 101,300 shares, the days-to-cover ratio is presently 3.8 days.

Insider Activity

In other Mammoth Energy Services news, Director Corey J. Booker sold 15,000 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $3.47, for a total transaction of $52,050.00. Following the completion of the sale, the director now directly owns 125,488 shares of the company’s stock, valued at approximately $435,443.36. This represents a 10.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders sold 33,659 shares of company stock worth $115,657. 3.44% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Mammoth Energy Services

A number of large investors have recently made changes to their positions in the stock. FMR LLC lifted its stake in Mammoth Energy Services by 32.7% during the 3rd quarter. FMR LLC now owns 10,967 shares of the energy company’s stock valued at $45,000 after acquiring an additional 2,705 shares during the period. Empowered Funds LLC lifted its position in Mammoth Energy Services by 5.3% during the third quarter. Empowered Funds LLC now owns 83,157 shares of the energy company’s stock valued at $340,000 after purchasing an additional 4,154 shares during the period. State Street Corp boosted its holdings in Mammoth Energy Services by 1.4% in the third 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. Geode Capital Management LLC grew its position in Mammoth Energy Services by 1.9% during 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 purchased a new position in shares of Mammoth Energy Services during the 3rd quarter valued at about $42,000. 79.67% of the stock is owned by hedge funds and other institutional investors.

Mammoth Energy Services Stock Performance

NASDAQ:TUSK remained flat at $2.99 during mid-day trading on Friday. The company had a trading volume of 40,148 shares, compared to its average volume of 68,202. 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 market cap of $143.91 million, a P/E ratio of -0.73 and a beta of 1.61. The stock has a fifty day moving average of $3.11 and a two-hundred day moving average of $3.62. Mammoth Energy Services has a 12 month low of $2.50 and a 12 month high of $4.94.

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

Wall Street Analyst Weigh In

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 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.