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

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

Insider Activity

In other news, Director Corey J. Booker sold 15,000 shares of the firm’s 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 completion of the transaction, the director now owns 125,488 shares in the company, valued at $435,443.36. This trade represents a 10.68 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 30,000 shares of company stock worth $102,400 in 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 modified their holdings of TUSK. Invesco Ltd. acquired a new position in shares of Mammoth Energy Services in the fourth quarter valued at $30,000. SG Americas Securities LLC bought a new stake in shares of Mammoth Energy Services in the third quarter valued at about $42,000. Marshall Wace LLP bought a new stake in shares of Mammoth Energy Services in the fourth quarter valued at about $42,000. FMR LLC boosted its position in shares of Mammoth Energy Services by 32.7% in the third quarter. FMR LLC now owns 10,967 shares of the energy company’s stock valued at $45,000 after acquiring an additional 2,705 shares during the period. Finally, PDT Partners LLC bought a new stake in shares of Mammoth Energy Services in the fourth quarter valued at about $46,000. 79.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Mammoth Energy Services Stock Performance

Shares of TUSK traded down $0.05 during mid-day trading on Friday, reaching $2.91. The company’s stock had a trading volume of 27,994 shares, compared to its average volume of 62,297. 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 business has a 50-day simple moving average of $3.01 and a two-hundred day simple moving average of $3.57. The stock has a market cap of $140.06 million, a P/E ratio of -0.71 and a beta of 1.57.

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.