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

Mammoth Energy Services, Inc. (NASDAQ:TUSK) was the recipient of a significant growth in short interest during 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 short-interest ratio is currently 3.8 days. Approximately 0.8% of the company’s stock are sold short.

Insider Transactions at Mammoth Energy Services

In other news, Director Corey J. Booker sold 15,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $3.47, for a total value 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 33,659 shares of company stock valued at $115,657 in the last ninety days. 3.44% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Mammoth Energy Services

Several institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in Mammoth Energy Services in the third quarter worth $42,000. FMR LLC raised 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 valued at $45,000 after buying an additional 2,705 shares during the period. XTX Topco Ltd bought a new stake in Mammoth Energy Services in the third quarter worth $53,000. Wellington Management Group LLP purchased a new position in shares of Mammoth Energy Services during the 3rd quarter worth about $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 period. 79.67% of the stock is owned by hedge funds and other institutional investors.

Mammoth Energy Services Trading Down 3.4 %

NASDAQ:TUSK opened at $3.17 on Friday. Mammoth Energy Services has a 52-week low of $2.50 and a 52-week high of $4.94. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.25 and a quick ratio of 2.13. The stock has a 50-day simple moving average of $3.14 and a two-hundred day simple moving average of $3.61.

Mammoth Energy Services (NASDAQ:TUSK) last posted its quarterly 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 business had revenue of $40.02 million for the quarter. During the same quarter in the previous year, the company posted ($0.02) earnings per share.

Wall Street Analysts Forecast Growth

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

About Mammoth Energy Services

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.