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

Mammoth Energy Services, Inc. (NASDAQ:TUSK) saw a significant growth in short interest in January. As of January 15th, there was short interest totalling 381,100 shares, a growth 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 volume of 101,300 shares, the days-to-cover ratio is currently 3.8 days.

Wall Street Analysts Forecast Growth

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

Mammoth Energy Services Stock Performance

Shares of NASDAQ TUSK remained flat at $2.99 during mid-day trading on Friday. 40,148 shares of the stock were exchanged, compared to its average volume of 68,202. The business has a fifty day simple moving average of $3.11 and a 200-day simple moving average of $3.62. 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 firm has a market cap of $143.91 million, a PE ratio of -0.73 and a beta of 1.61. Mammoth Energy Services has a 1-year low of $2.50 and a 1-year high of $4.94.

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

Insiders Place Their Bets

In related news, Director Corey J. Booker sold 10,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $3.43, for a total value of $34,300.00. Following the transaction, 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 33,659 shares of company stock worth $115,657. 3.44% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Mammoth Energy Services

Several hedge funds and other institutional investors have recently made changes to their positions in TUSK. Royce & Associates LP grew its holdings in 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 valued at $5,527,000 after buying an additional 178,240 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Mammoth Energy Services by 14.0% in the second quarter. Dimensional Fund Advisors LP now owns 806,280 shares of the energy company’s stock valued at $2,645,000 after purchasing an additional 99,093 shares during the period. Empowered Funds LLC increased its position in Mammoth Energy Services by 76.3% during the fourth quarter. Empowered Funds LLC now owns 146,574 shares of the energy company’s stock worth $440,000 after purchasing an additional 63,417 shares during the last quarter. Wellington Management Group LLP purchased a new position in Mammoth Energy Services during the third quarter worth about $197,000. Finally, Barclays PLC boosted its holdings in Mammoth Energy Services by 65.1% in the 3rd 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 during the last quarter. Institutional investors and hedge funds 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.