Mammoth Energy Services, Inc. (NASDAQ:TUSK) Sees Significant Increase in Short Interest

Mammoth Energy Services, Inc. (NASDAQ:TUSK) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 864,244 shares, an increase of 24.5% from the February 26th total of 694,312 shares. Approximately 1.8% of the company’s shares are sold short. Based on an average daily volume of 341,720 shares, the short-interest ratio is currently 2.5 days.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Wall Street Zen cut shares of Mammoth Energy Services from a “hold” rating to a “sell” rating in a research note on Saturday, March 14th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Mammoth Energy Services in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Mammoth Energy Services Price Performance

NASDAQ:TUSK opened at $2.85 on Monday. The business’s 50-day moving average is $2.31 and its two-hundred day moving average is $2.16. The firm has a market capitalization of $137.83 million, a PE ratio of 31.67 and a beta of 0.95. Mammoth Energy Services has a 12 month low of $1.68 and a 12 month high of $3.12.

Mammoth Energy Services (NASDAQ:TUSK) last issued its earnings results on Friday, March 6th. The energy company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.18). Mammoth Energy Services had a negative return on equity of 23.73% and a net margin of 4.46%.The company had revenue of $9.46 million during the quarter, compared to analysts’ expectations of $39.30 million.

Hedge Funds Weigh In On Mammoth Energy Services

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Corient Private Wealth LLC acquired a new position in shares of Mammoth Energy Services during the fourth quarter worth $181,000. Empowered Funds LLC grew its holdings in Mammoth Energy Services by 10.1% during the 4th quarter. Empowered Funds LLC now owns 218,991 shares of the energy company’s stock valued at $405,000 after purchasing an additional 20,027 shares in the last quarter. XTX Topco Ltd grew its holdings in Mammoth Energy Services by 80.3% during the 4th quarter. XTX Topco Ltd now owns 45,235 shares of the energy company’s stock valued at $84,000 after purchasing an additional 20,153 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in Mammoth Energy Services during the 4th quarter worth $122,000. Finally, Bridgeway Capital Management LLC increased its stake in Mammoth Energy Services by 5.1% during the 4th quarter. Bridgeway Capital Management LLC now owns 409,991 shares of the energy company’s stock worth $758,000 after buying an additional 20,027 shares during the period. Hedge funds and other institutional investors own 79.67% of the company’s stock.

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.