Mammoth Energy Services, Inc. (NASDAQ:TUSK) Sees Large Drop in Short Interest

Mammoth Energy Services, Inc. (NASDAQ:TUSK) was the target of a significant decrease in short interest in the month of 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 daily volume of 89,700 shares, the days-to-cover ratio is presently 3.7 days. Approximately 0.7% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

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 Price Performance

Shares of TUSK stock traded down $0.05 on Friday, reaching $2.91. The company had a trading volume of 27,994 shares, compared to its average volume of 62,297. The stock has a market capitalization of $140.06 million, a PE ratio of -0.71 and a beta of 1.57. The company has a quick ratio of 2.13, a current ratio of 2.25 and a debt-to-equity ratio of 0.18. Mammoth Energy Services has a one year low of $2.50 and a one year high of $4.94. The business’s 50-day moving average is $3.01 and its 200 day moving average is $3.57.

Insider Buying and Selling

In other 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 value of $52,050.00. Following the completion of the transaction, the director now 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 30,000 shares of company stock valued at $102,400 over the last quarter. 3.44% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC increased its stake in shares of 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 during the period. Empowered Funds LLC increased its stake in shares of Mammoth Energy Services by 5.3% in the third quarter. Empowered Funds LLC now owns 83,157 shares of the energy company’s stock valued at $340,000 after buying an additional 4,154 shares during the period. Northern Trust Corp increased its stake in shares of Mammoth Energy Services by 2.1% in the fourth quarter. Northern Trust Corp now owns 206,039 shares of the energy company’s stock valued at $618,000 after buying an additional 4,175 shares during the period. Barclays PLC increased its stake in shares of Mammoth Energy Services by 7.8% in the fourth quarter. Barclays PLC now owns 61,549 shares of the energy company’s stock valued at $185,000 after buying an additional 4,468 shares during the period. Finally, State Street Corp increased its stake in shares of 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 buying an additional 5,400 shares during the period. Institutional investors own 79.67% of the company’s stock.

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.