Mammoth Energy Services, Inc. (NASDAQ:TUSK) Short Interest Update

Mammoth Energy Services, Inc. (NASDAQ:TUSK) saw a large increase in short interest in the month of 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. Based on an average daily volume of 101,300 shares, the days-to-cover ratio is presently 3.8 days. Approximately 0.8% of the shares of the company are sold short.

Mammoth Energy Services Stock Performance

NASDAQ TUSK traded up $0.01 during trading on Friday, reaching $3.00. The company’s stock had a trading volume of 17,896 shares, compared to its average volume of 67,064. The firm has a 50 day moving average price of $3.11 and a 200 day moving average price of $3.62. Mammoth Energy Services has a 12 month low of $2.50 and a 12 month high of $4.94. The firm has a market capitalization of $144.39 million, a price-to-earnings ratio of -0.73 and a beta of 1.61. The company has a current ratio of 2.25, a quick ratio of 2.13 and a debt-to-equity ratio of 0.18.

Mammoth Energy Services (NASDAQ:TUSK) last issued its quarterly earnings results on Friday, November 1st. The energy company reported ($0.50) earnings per share (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 business posted ($0.02) EPS.

Insider Activity

In related news, Director Corey J. Booker sold 10,000 shares of the company’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 owns 140,488 shares in the company, valued at approximately $481,873.84. This represents a 6.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders have sold 33,659 shares of company stock valued at $115,657. 3.44% of the stock is owned by company insiders.

Institutional Trading of Mammoth Energy Services

Institutional investors have recently modified their holdings of the stock. FMR LLC increased its position 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 worth $45,000 after purchasing an additional 2,705 shares during the period. Empowered Funds LLC grew its stake 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 worth $340,000 after buying an additional 4,154 shares in the last quarter. State Street Corp increased its holdings 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 buying an additional 5,400 shares during the period. Geode Capital Management LLC raised its position in shares of Mammoth Energy Services by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 528,850 shares of the energy company’s stock valued at $2,163,000 after buying an additional 9,852 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Mammoth Energy Services during the 3rd quarter worth approximately $42,000. 79.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised 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.