Mammoth Energy Services, Inc. (NASDAQ:TUSK - Get Free Report) was the target of a significant increase in short interest in the month of 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 days-to-cover ratio is presently 3.8 days. Currently, 0.8% of the company's stock are short sold.
Mammoth Energy Services Price Performance
NASDAQ:TUSK traded down $0.11 during mid-day trading on Thursday, reaching $3.17. The stock had a trading volume of 55,896 shares, compared to its average volume of 63,590. The stock has a 50-day simple moving average of $3.15 and a two-hundred day simple moving average of $3.61. The stock has a market capitalization of $152.56 million, a PE ratio of -0.77 and a beta of 1.61. Mammoth Energy Services has a 12 month low of $2.50 and a 12 month 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.
Mammoth Energy Services (NASDAQ:TUSK - Get Free Report) last released its earnings results on Friday, November 1st. The energy company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter. During the same quarter last year, the firm posted ($0.02) EPS.
Insider Buying and Selling
In other news, Director Corey J. Booker sold 15,000 shares of Mammoth Energy Services stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $3.47, for a total value of $52,050.00. Following the transaction, the director now directly owns 125,488 shares in the company, valued at approximately $435,443.36. The trade was a 10.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last three months, insiders sold 33,659 shares of company stock worth $115,657. 3.44% of the stock is owned by company insiders.
Hedge Funds Weigh In On Mammoth Energy Services
A number of institutional investors have recently made changes to their positions in the stock. FMR LLC lifted its position in shares of Mammoth Energy Services by 32.7% in the 3rd 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 period. Empowered Funds LLC lifted its stake in shares of Mammoth Energy Services by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 83,157 shares of the energy company's stock valued at $340,000 after buying an additional 4,154 shares in the last quarter. State Street Corp lifted its stake in Mammoth Energy Services by 1.4% in 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 in the last quarter. Geode Capital Management LLC lifted its stake in Mammoth Energy Services by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 528,850 shares of the energy company's stock worth $2,163,000 after purchasing an additional 9,852 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Mammoth Energy Services during the 3rd quarter valued at about $42,000. Institutional investors own 79.67% of the company's stock.
Wall Street Analyst Weigh In
Separately, StockNews.com raised Mammoth Energy Services from a "sell" rating to a "hold" rating in a report on Friday, December 27th.
Get Our Latest Stock Analysis on Mammoth Energy Services
About Mammoth Energy Services
(
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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.
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