Mammoth Energy Services, Inc. (NASDAQ:TUSK – Get Rating) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 83,600 shares, a growth of 31.4% from the March 15th total of 63,600 shares. Based on an average daily volume of 404,300 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the company’s shares are sold short.
In other Mammoth Energy Services news, CFO Mark E. Layton sold 40,417 shares of the company’s stock in a transaction on Thursday, March 10th. The shares were sold at an average price of $2.04, for a total value of $82,450.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.66% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the business. Virtu Financial LLC bought a new position in Mammoth Energy Services during the 4th quarter worth about $29,000. Bank of America Corp DE raised its position in shares of Mammoth Energy Services by 611.3% in the 2nd quarter. Bank of America Corp DE now owns 6,750 shares of the energy company’s stock valued at $31,000 after purchasing an additional 5,801 shares during the last quarter. Traynor Capital Management Inc. purchased a new position in shares of Mammoth Energy Services in the 1st quarter valued at approximately $36,000. Millennium Management LLC raised its position in shares of Mammoth Energy Services by 98.9% in the 4th quarter. Millennium Management LLC now owns 88,909 shares of the energy company’s stock valued at $162,000 after purchasing an additional 44,213 shares during the last quarter. Finally, Yaupon Capital Management LP purchased a new position in Mammoth Energy Services during the 4th quarter worth approximately $182,000. Institutional investors own 17.00% of the company’s stock.
Shares of NASDAQ TUSK opened at $2.56 on Monday. The company has a quick ratio of 2.88, a current ratio of 2.93 and a debt-to-equity ratio of 0.18. The company has a market cap of $119.51 million, a PE ratio of -1.17 and a beta of 2.19. The firm’s 50-day moving average price is $1.90 and its 200-day moving average price is $2.21. Mammoth Energy Services has a 52-week low of $1.35 and a 52-week high of $5.17.
Mammoth Energy Services (NASDAQ:TUSK – Get Rating) last released its quarterly earnings results on Friday, March 4th. The energy company reported ($0.28) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by ($0.05). Mammoth Energy Services had a negative return on equity of 19.78% and a negative net margin of 44.30%.
Mammoth Energy Services Company Profile (Get Rating)
Mammoth Energy Services, Inc operates as an energy service company. The company operates in four segments: Infrastructure Services, Well Completion Services, Natural Sand Proppant Services, and Drilling Services. The Infrastructure Services segment offers a range of services on electric transmission and distribution, and networks and substation facilities, including engineering, design, construction, upgrade, maintenance, and repair of high voltage transmission lines, substations, and lower voltage overhead and underground distribution systems; storm repair and restoration services; and commercial services comprising installation, maintenance, and repair of commercial wiring.
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