Mammoth Energy Services, Inc. (NASDAQ:TUSK) Short Interest Up 38.0% in December

Mammoth Energy Services, Inc. (NASDAQ:TUSK) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 381,100 shares, an increase of 38.0% from the December 15th 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. Currently, 0.8% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded 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 opened at $3.28 on Thursday. The business’s fifty day simple moving average is $3.15 and its two-hundred day simple moving average is $3.61. Mammoth Energy Services has a 12 month low of $2.50 and a 12 month high of $4.94. 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 earnings results on Friday, November 1st. The energy company reported ($0.50) earnings per share 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 return on equity of 53.85% and a negative net margin of 105.49%. During the same period last year, the business posted ($0.02) earnings per share.

Insider Transactions at Mammoth Energy Services

In related 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 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 33,659 shares of company stock valued at $115,657 in the last quarter. 3.44% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its stake in Mammoth Energy Services by 6.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 166,591 shares of the energy company’s stock valued at $546,000 after buying an additional 10,796 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Mammoth Energy Services by 14.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 806,280 shares of the energy company’s stock worth $2,645,000 after buying an additional 99,093 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Mammoth Energy Services in the third quarter worth $42,000. Royce & Associates LP increased its position in Mammoth Energy Services by 15.2% during the third quarter. Royce & Associates LP now owns 1,351,224 shares of the energy company’s stock valued at $5,527,000 after acquiring an additional 178,240 shares during the last quarter. Finally, Empowered Funds LLC increased 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 acquiring an additional 4,154 shares during the last quarter. Institutional investors 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.