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

Mammoth Energy Services, Inc. (NASDAQ:TUSK) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 381,100 shares, a growth of 38.0% from the December 15th total of 276,100 shares. Based on an average trading volume of 101,300 shares, the short-interest ratio is presently 3.8 days. Approximately 0.8% of the company’s stock are sold short.

Analysts Set New Price Targets

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

Insider Activity at Mammoth Energy Services

In other Mammoth Energy Services news, Director Corey J. Booker sold 15,000 shares of the firm’s stock in a transaction on 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 sale, the director now directly owns 125,488 shares in the company, valued at approximately $435,443.36. This trade represents a 10.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 33,659 shares of company stock worth $115,657 in the last quarter. Company insiders own 3.44% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new stake in shares of Mammoth Energy Services in the 3rd quarter worth about $42,000. FMR LLC increased its holdings in Mammoth Energy Services by 32.7% during the 3rd quarter. FMR LLC now owns 10,967 shares of the energy company’s stock worth $45,000 after purchasing an additional 2,705 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Mammoth Energy Services in the third quarter worth approximately $53,000. Wellington Management Group LLP bought a new position in shares of Mammoth Energy Services in the third quarter valued at approximately $197,000. Finally, Barclays PLC boosted its position in shares of Mammoth Energy Services by 65.1% during the third quarter. Barclays PLC now owns 57,081 shares of the energy company’s stock valued at $233,000 after buying an additional 22,503 shares during the last quarter. 79.67% of the stock is currently owned by institutional investors and hedge funds.

Mammoth Energy Services Stock Up 5.4 %

Shares of NASDAQ:TUSK opened at $3.34 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.13 and a current ratio of 2.25. Mammoth Energy Services has a 52-week low of $2.50 and a 52-week high of $4.94. The business’s 50 day simple moving average is $3.13 and its two-hundred day simple moving average is $3.61. The firm has a market cap of $160.75 million, a P/E ratio of -0.81 and a beta of 1.61.

Mammoth Energy Services (NASDAQ:TUSK) last issued its earnings results on Friday, November 1st. The energy company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.49). The firm 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 quarter in the prior year, the company posted ($0.02) EPS.

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.