Short Interest in Mammoth Energy Services, Inc. (NASDAQ:TUSK) Increases By 17.6%

by · The Cerbat Gem

Mammoth Energy Services, Inc. (NASDAQ:TUSK – Get Free Report) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 330,800 shares, an increase of 17.6% from the September 30th total of 281,400 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 135,100 shares, the days-to-cover ratio is currently 2.4 days.

Mammoth Energy Services Price Performance

Shares of NASDAQ:TUSK traded down $0.08 on Tuesday, reaching $4.34. 50,396 shares of the company traded hands, compared to its average volume of 109,211. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.57 and a quick ratio of 2.45. The stock has a market capitalization of $208.87 million, a PE ratio of -9.04 and a beta of 1.68. The company’s 50 day moving average is $4.06 and its 200-day moving average is $3.67. Mammoth Energy Services has a fifty-two week low of $2.50 and a fifty-two week high of $4.95.

Mammoth Energy Services (NASDAQ:TUSK – Get Free Report) last released its quarterly earnings results on Friday, August 9th. The energy company reported ($3.25) earnings per share for the quarter. The company had revenue of $51.53 million during the quarter. Mammoth Energy Services had a negative net margin of 82.30% and a negative return on equity of 41.54%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Mammoth Energy Services from a “hold” rating to a “sell” rating in a research report on Thursday, September 5th.

View Our Latest Report on TUSK

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake 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. Vanguard Group Inc. grew its holdings in shares of Mammoth Energy Services by 2.5% during the first quarter. Vanguard Group Inc. now owns 723,772 shares of the energy company’s stock valued at $2,635,000 after buying an additional 17,369 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Mammoth Energy Services by 6.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 166,591 shares of the energy company’s stock valued at $546,000 after acquiring an additional 10,796 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Mammoth Energy Services by 8.0% during the first quarter. Empowered Funds LLC now owns 73,423 shares of the energy company’s stock worth $267,000 after purchasing an additional 5,425 shares during the period. Finally, BNP Paribas Financial Markets grew its position in Mammoth Energy Services by 55.8% during the first quarter. BNP Paribas Financial Markets now owns 11,265 shares of the energy company’s stock valued at $41,000 after purchasing an additional 4,035 shares in the last quarter. 79.67% of the stock is owned by hedge funds and other institutional investors.

About Mammoth Energy Services

(Get Free Report)

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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