Mammoth Energy Services, Inc. (NASDAQ:TUSK) Sees Significant Growth in Short Interest
by Renee Jackson · The Cerbat GemMammoth Energy Services, Inc. (NASDAQ:TUSK – Get Free Report) was the target of a significant growth in short interest during the month of 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. Based on an average trading volume of 505,454 shares, the short-interest ratio is currently 1.3 days. Currently, 1.4% of the company’s stock are sold short. Currently, 1.4% of the company’s stock are sold short. Based on an average trading volume of 505,454 shares, the short-interest ratio is currently 1.3 days.
Wall Street Analyst Weigh In
TUSK has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Mammoth Energy Services in a research note on Monday, December 15th. Wall Street Zen upgraded shares of Mammoth Energy Services to a “hold” rating in a research note on Saturday, December 13th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.
Read Our Latest Report on Mammoth Energy Services
Institutional Trading of Mammoth Energy Services
Several hedge funds and other institutional investors have recently bought and sold shares of TUSK. Adage Capital Partners GP L.L.C. raised its position in Mammoth Energy Services by 10.2% during the second quarter. Adage Capital Partners GP L.L.C. now owns 4,575,000 shares of the energy company’s stock valued at $12,810,000 after acquiring an additional 425,000 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Mammoth Energy Services by 6.5% during the 2nd quarter. Geode Capital Management LLC now owns 580,659 shares of the energy company’s stock worth $1,626,000 after purchasing an additional 35,495 shares during the period. Bridgeway Capital Management LLC increased its holdings in shares of Mammoth Energy Services by 11.3% during the 3rd quarter. Bridgeway Capital Management LLC now owns 389,964 shares of the energy company’s stock valued at $893,000 after purchasing an additional 39,510 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Mammoth Energy Services by 726.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 185,761 shares of the energy company’s stock valued at $520,000 after purchasing an additional 163,291 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in shares of Mammoth Energy Services by 8.9% in the 1st quarter. Empowered Funds LLC now owns 159,685 shares of the energy company’s stock valued at $326,000 after purchasing an additional 13,111 shares during the period. 79.67% of the stock is owned by institutional investors and hedge funds.
Mammoth Energy Services Trading Up 1.1%
Shares of NASDAQ TUSK opened at $1.88 on Monday. Mammoth Energy Services has a 12 month low of $1.68 and a 12 month high of $3.52. The company has a 50 day simple moving average of $1.95 and a two-hundred day simple moving average of $2.30. The stock has a market cap of $90.60 million, a price-to-earnings ratio of -4.59 and a beta of 1.30.
Mammoth Energy Services (NASDAQ:TUSK – Get Free Report) last issued its earnings results on Friday, October 31st. The energy company reported ($0.25) earnings per share (EPS) 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 analysts’ expectations 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.