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

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 daily volume of 101,300 shares, the days-to-cover ratio is currently 3.8 days. Currently, 0.8% of the company’s shares are sold short.

Insiders Place Their Bets

In other news, Director Corey J. Booker sold 15,000 shares of the company’s stock in a transaction that occurred 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 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 Securities & Exchange Commission, which is accessible through this link. Insiders have sold 33,659 shares of company stock worth $115,657 in the last ninety days. 3.44% of the stock is owned by company insiders.

Institutional Trading of Mammoth Energy Services

A number of institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new position in Mammoth Energy Services during the 3rd quarter valued at about $42,000. FMR LLC boosted its holdings in 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 acquiring an additional 2,705 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Mammoth Energy Services during the third quarter worth about $53,000. Wellington Management Group LLP acquired a new position in shares of Mammoth Energy Services during the third quarter valued at about $197,000. Finally, Barclays PLC raised its position in shares of 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 Stock Down 3.4 %

NASDAQ:TUSK opened at $3.17 on Friday. The company’s 50-day simple moving average is $3.14 and its 200-day simple moving average is $3.61. 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 fifty-two week low of $2.50 and a fifty-two week high of $4.94.

Mammoth Energy Services (NASDAQ:TUSK) last posted its earnings results on Friday, November 1st. The energy company reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $40.02 million for the quarter. During the same period last year, the firm earned ($0.02) earnings per share.

Wall Street Analyst Weigh In

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