Short Interest in Mammoth Energy Services, Inc. (NASDAQ:TUSK) Grows By 76.1%

Mammoth Energy Services, Inc. (NASDAQ:TUSK) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totaling 646,289 shares, a growth of 76.1% from the November 30th total of 367,029 shares. Currently, 1.4% of the shares of the stock are short sold. Based on an average daily volume of 505,454 shares, the short-interest ratio is presently 1.3 days. Based on an average daily volume of 505,454 shares, the short-interest ratio is presently 1.3 days. Currently, 1.4% of the shares of the stock are short sold.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Wall Street Zen raised Mammoth Energy Services to a “hold” rating in a research report on Saturday, December 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Mammoth Energy Services in a report on Monday, December 15th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Mammoth Energy Services Stock Performance

Shares of Mammoth Energy Services stock opened at $1.86 on Tuesday. Mammoth Energy Services has a one year low of $1.68 and a one year high of $3.52. The company has a market cap of $89.39 million, a P/E ratio of -4.54 and a beta of 1.30. The firm has a fifty day moving average of $1.95 and a two-hundred day moving average of $2.30.

Mammoth Energy Services (NASDAQ:TUSK) last announced its quarterly earnings data on Friday, October 31st. The energy company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). The firm had revenue of $14.80 million during the quarter, compared to analyst estimates of $42.70 million. Mammoth Energy Services had a negative net margin of 13.47% and a negative return on equity of 25.09%.

Institutional Trading of Mammoth Energy Services

A number of institutional investors have recently bought and sold shares of the company. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Mammoth Energy Services during the 2nd quarter worth $27,000. Virtu Financial LLC acquired a new position in Mammoth Energy Services during the third quarter worth about $32,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Mammoth Energy Services in the second quarter valued at about $34,000. Franklin Resources Inc. purchased a new position in shares of Mammoth Energy Services during the 3rd quarter worth approximately $36,000. Finally, Jane Street Group LLC raised its position in shares of Mammoth Energy Services by 48.3% during the 2nd quarter. Jane Street Group LLC now owns 17,268 shares of the energy company’s stock worth $48,000 after purchasing an additional 5,621 shares during the last quarter. 79.67% of the stock is currently owned by hedge funds and other institutional investors.

Mammoth Energy Services Company Profile

Mammoth Energy Services, Inc, headquartered in Houston, Texas, is a diversified energy services company that primarily provides hydraulic fracturing and complementary well completion and production services to oil and natural gas exploration and production companies across North America. Its core offerings include fracturing, coiled tubing, cementing, wireline, nitrogen pumping, and pressure pumping equipment, supported by proprietary fluid blends and digital monitoring systems. In addition to conventional oilfield services, the company operates a dedicated solar division—Mammoth Solar—that delivers engineering, procurement and construction (EPC) services for utility-scale and commercial solar projects.

Mammoth’s fracturing operations are focused on major shale plays such as the Permian Basin, Eagle Ford, Bakken, Williston Basin, and Rockies regions.