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

Mammoth Energy Services, Inc. (NASDAQ:TUSK) saw a large increase in short interest in 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 short-interest ratio is presently 3.8 days. Currently, 0.8% of the shares of the stock are short sold.

Mammoth Energy Services Stock Performance

NASDAQ:TUSK opened at $3.34 on Friday. The stock’s 50-day moving average is $3.13 and its 200-day moving average is $3.61. Mammoth Energy Services has a 1-year low of $2.50 and a 1-year 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. The stock 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 posted 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). Mammoth Energy Services had a negative return on equity of 53.85% and a negative net margin of 105.49%. The business had revenue of $40.02 million for the quarter. During the same quarter last year, the firm earned ($0.02) earnings per share.

Analyst Ratings Changes

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

In related news, Director Corey J. Booker sold 15,000 shares of the 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 transaction, the director now owns 125,488 shares of the company’s stock, valued at $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 available at this link. In the last three months, insiders have sold 33,659 shares of company stock worth $115,657. Corporate insiders own 3.44% of the company’s stock.

Institutional Trading of Mammoth Energy Services

Institutional investors and hedge funds have recently bought and sold shares of the stock. Royce & Associates LP grew its position in shares of Mammoth Energy Services by 15.2% in the 3rd quarter. Royce & Associates LP now owns 1,351,224 shares of the energy company’s stock valued at $5,527,000 after buying an additional 178,240 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Mammoth Energy Services by 14.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 806,280 shares of the energy company’s stock valued at $2,645,000 after purchasing an additional 99,093 shares during the period. Geode Capital Management LLC increased its position in Mammoth Energy Services by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 528,850 shares of the energy company’s stock valued at $2,163,000 after purchasing an additional 9,852 shares during the period. State Street Corp raised its holdings in Mammoth Energy Services by 1.4% during the 3rd quarter. State Street Corp now owns 403,688 shares of the energy company’s stock worth $1,651,000 after purchasing an additional 5,400 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Mammoth Energy Services by 6.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 166,591 shares of the energy company’s stock worth $546,000 after purchasing an additional 10,796 shares during the period. 79.67% of the stock is currently owned by institutional investors and hedge funds.

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.