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

Mammoth Energy Services, Inc. (NASDAQ:TUSK) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 646,289 shares, an increase of 76.1% from the November 30th total of 367,029 shares. Approximately 1.4% of the company’s stock are short sold. Based on an average daily trading volume, of 505,454 shares, the days-to-cover ratio is currently 1.3 days. Based on an average daily trading volume, of 505,454 shares, the days-to-cover ratio is currently 1.3 days. Approximately 1.4% of the company’s stock are short sold.

Institutional Trading of Mammoth Energy Services

Several hedge funds have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC acquired a new stake in Mammoth Energy Services in the second quarter worth $34,000. Wellington Management Group LLP boosted its holdings in shares of Mammoth Energy Services by 24.7% during the first quarter. Wellington Management Group LLP now owns 61,799 shares of the energy company’s stock valued at $126,000 after acquiring an additional 12,238 shares during the period. Nuveen LLC bought a new position in shares of Mammoth Energy Services during the first quarter worth about $75,000. Adage Capital Partners GP L.L.C. increased its holdings in shares of Mammoth Energy Services by 1.2% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 4,150,000 shares of the energy company’s stock worth $8,466,000 after acquiring an additional 50,000 shares during the period. Finally, NewEdge Advisors LLC bought a new stake in Mammoth Energy Services in the 3rd quarter valued at about $58,000. Institutional investors own 79.67% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Mammoth Energy Services in a report on Monday, December 15th. Wall Street Zen raised shares of Mammoth Energy Services to a “hold” rating in a research report on Saturday, December 13th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Mammoth Energy Services has an average rating of “Sell”.

Mammoth Energy Services Stock Performance

Mammoth Energy Services stock opened at $1.88 on Friday. Mammoth Energy Services has a 1 year low of $1.68 and a 1 year high of $3.52. The firm’s 50-day moving average is $1.95 and its 200-day moving average is $2.31. The company has a market cap of $90.60 million, a P/E ratio of -4.59 and a beta of 1.30.

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

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.