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

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

Mammoth Energy Services Stock Performance

Shares of NASDAQ:TUSK traded up $0.15 on Tuesday, hitting $3.05. 55,866 shares of the company were exchanged, compared to its average volume of 66,744. The firm has a market capitalization of $146.80 million, a P/E ratio of -0.74 and a beta of 1.57. The company has a current ratio of 2.25, a quick ratio of 2.13 and a debt-to-equity ratio of 0.18. Mammoth Energy Services has a 1-year low of $2.50 and a 1-year high of $4.94. The stock's 50 day moving average price is $3.08 and its 200 day moving average price is $3.62.

Mammoth Energy Services (NASDAQ:TUSK - Get Free Report) last released 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 return on equity of 53.85% and a negative net margin of 105.49%. The firm had revenue of $40.02 million for the quarter. During the same period last year, the business earned ($0.02) earnings per share.

Analyst Ratings Changes

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

Insider Buying and Selling at Mammoth Energy Services

In other news, Director Corey J. Booker sold 10,000 shares of the firm's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $3.43, for a total value of $34,300.00. Following the completion of the sale, the director now owns 140,488 shares of the company's stock, valued at $481,873.84. This trade represents a 6.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders have sold 33,659 shares of company stock valued at $115,657. 3.44% of the stock is currently owned by corporate insiders.

Institutional Trading of Mammoth Energy Services

Large investors have recently made changes to their positions in the business. Wellington Management Group LLP acquired a new position in Mammoth Energy Services during the third quarter valued at $197,000. Barclays PLC boosted its stake in shares of Mammoth Energy Services by 65.1% in the third quarter. Barclays PLC now owns 57,081 shares of the energy company's stock worth $233,000 after buying an additional 22,503 shares during the last quarter. State Street Corp grew its holdings 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 acquiring an additional 5,400 shares during the period. Geode Capital Management LLC raised its position in Mammoth Energy Services by 1.9% during the third quarter. Geode Capital Management LLC now owns 528,850 shares of the energy company's stock valued at $2,163,000 after acquiring an additional 9,852 shares in the last quarter. Finally, Royce & Associates LP lifted its holdings in Mammoth Energy Services by 15.2% in the third quarter. Royce & Associates LP now owns 1,351,224 shares of the energy company's stock valued at $5,527,000 after acquiring an additional 178,240 shares during the period. 79.67% of the stock is owned by hedge funds and other institutional investors.

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.