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

Mammoth Energy Services, Inc. (NASDAQ:TUSKGet Rating) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totalling 204,900 shares, an increase of 48.0% from the April 30th total of 138,400 shares. Based on an average trading volume of 519,100 shares, the short-interest ratio is currently 0.4 days. Approximately 0.6% of the shares of the company are short sold.

TUSK opened at $2.20 on Friday. The firm has a market cap of $103.80 million, a price-to-earnings ratio of -0.99 and a beta of 2.00. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.98 and a current ratio of 3.06. The firm’s 50-day simple moving average is $2.19 and its 200-day simple moving average is $2.00. Mammoth Energy Services has a twelve month low of $1.35 and a twelve month high of $5.08.

Mammoth Energy Services (NASDAQ:TUSKGet Rating) last issued its quarterly earnings data on Friday, March 4th. The energy company reported ($0.25) earnings per share for the quarter. Mammoth Energy Services had a negative return on equity of 21.35% and a negative net margin of 46.25%. The firm had revenue of $57.23 million for the quarter.

Separately, cut Mammoth Energy Services from a “hold” rating to a “sell” rating in a research report on Wednesday.

In other Mammoth Energy Services news, CFO Mark E. Layton sold 40,417 shares of the firm’s stock in a transaction that occurred on Thursday, March 10th. The stock was sold at an average price of $2.04, for a total value of $82,450.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.66% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Wexford Capital LP acquired a new position in Mammoth Energy Services in the fourth quarter worth $419,902,000. Royce & Associates LP raised its stake in shares of Mammoth Energy Services by 4.8% in the first quarter. Royce & Associates LP now owns 1,320,263 shares of the energy company’s stock worth $2,812,000 after acquiring an additional 60,847 shares during the last quarter. Exencial Wealth Advisors LLC lifted its holdings in Mammoth Energy Services by 34.4% during the 1st quarter. Exencial Wealth Advisors LLC now owns 330,360 shares of the energy company’s stock worth $704,000 after buying an additional 84,583 shares in the last quarter. Renaissance Technologies LLC boosted its position in Mammoth Energy Services by 106.3% in the 1st quarter. Renaissance Technologies LLC now owns 240,272 shares of the energy company’s stock valued at $512,000 after buying an additional 123,800 shares during the last quarter. Finally, BlackRock Inc. increased its stake in shares of Mammoth Energy Services by 11.2% in the 3rd quarter. BlackRock Inc. now owns 224,005 shares of the energy company’s stock valued at $651,000 after buying an additional 22,490 shares during the period. 64.78% of the stock is owned by hedge funds and other institutional investors.

About Mammoth Energy Services (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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