Mammoth Energy Services, Inc. (NASDAQ:TUSK) Short Interest Update

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

Mammoth Energy Services Stock Performance

Shares of NASDAQ:TUSK opened at $2.45 on Wednesday. The company has a market cap of $118.48 million, a PE ratio of 27.22 and a beta of 0.95. Mammoth Energy Services has a 52 week low of $1.68 and a 52 week high of $3.12. The firm has a 50 day simple moving average of $2.32 and a 200 day simple moving average of $2.16.

Mammoth Energy Services (NASDAQ:TUSK) last posted its quarterly earnings data 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 firm had revenue of $9.46 million for the quarter, compared to analysts’ expectations of $39.30 million.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Police & Firemen s Retirement System of New Jersey purchased a new stake in Mammoth Energy Services in the 2nd quarter worth about $27,000. Virtu Financial LLC purchased a new position in Mammoth Energy Services during the 3rd quarter valued at about $32,000. Franklin Resources Inc. acquired a new position in shares of Mammoth Energy Services in the 3rd quarter valued at about $36,000. Jane Street Group LLC increased its holdings in shares of Mammoth Energy Services by 48.3% in the 2nd quarter. Jane Street Group LLC now owns 17,268 shares of the energy company’s stock valued at $48,000 after purchasing an additional 5,621 shares during the period. Finally, Wells Fargo & Company MN lifted its position in shares of Mammoth Energy Services by 45.5% in the fourth quarter. Wells Fargo & Company MN now owns 27,501 shares of the energy company’s stock worth $51,000 after purchasing an additional 8,598 shares in the last quarter. 79.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Wall Street Zen cut Mammoth Energy Services from a “hold” rating to a “sell” rating in a report on Saturday, March 14th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Mammoth Energy Services in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Mammoth Energy Services has a consensus rating of “Sell”.

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.