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

Mammoth Energy Services, Inc. (NASDAQ:TUSK) was the target of a significant decline in short interest in January. As of January 31st, there was short interest totalling 333,400 shares, a decline of 24.7% from the January 15th total of 442,700 shares. Based on an average trading volume of 89,700 shares, the short-interest ratio is presently 3.7 days. Currently, 0.7% of the shares of the company are sold short.

Mammoth Energy Services Trading Down 1.7 %

Shares of NASDAQ TUSK opened at $2.91 on Friday. The firm’s 50-day moving average is $3.01 and its two-hundred day moving average is $3.56. 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 12-month low of $2.50 and a 12-month high of $4.94.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Mammoth Energy Services from a “sell” rating to a “hold” rating in a report on Friday, December 27th.

Insider Activity

In other news, Director Corey J. Booker sold 10,000 shares of Mammoth Energy Services 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 sale, the director now owns 140,488 shares of the company’s stock, valued at $481,873.84. The trade was a 6.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 30,000 shares of company stock valued at $102,400 over the last quarter. Corporate insiders own 3.44% of the company’s stock.

Hedge Funds Weigh In On Mammoth Energy Services

Several institutional investors and hedge funds have recently bought and sold shares of TUSK. SG Americas Securities LLC acquired a new position in Mammoth Energy Services during the third quarter worth approximately $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 worth $5,527,000 after purchasing an additional 178,240 shares during the last quarter. 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 worth $340,000 after purchasing an additional 4,154 shares during the last quarter. FMR LLC increased its position in Mammoth Energy Services by 32.7% during 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 last quarter. Finally, State Street Corp grew its stake in Mammoth Energy Services by 1.4% during the third quarter. State Street Corp now owns 403,688 shares of the energy company’s stock worth $1,651,000 after buying an additional 5,400 shares during the period. Institutional investors and hedge funds 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.