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

Posted by Brenda Bartman on Jul 11th, 2026

Mammoth Energy Services, Inc. (NASDAQ:TUSK – Get Free Report) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 132,483 shares, a decrease of 83.4% from the June 15th total of 797,469 shares. Based on an average trading volume of 699,166 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.3% of the company’s stock are sold short.

Insider Transactions at Mammoth Energy Services

In other news, insider Wexford Capital Lp acquired 4,019,574 shares of the stock in a transaction on Wednesday, June 17th. The stock was bought at an average price of $2.60 per share, with a total value of $10,450,892.40. Following the completion of the transaction, the insider directly owned 10,620,789 shares of the company’s stock, valued at $27,614,051.40. The trade was a 60.89% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have purchased a total of 4,029,574 shares of company stock valued at $10,483,352 over the last three months. 2.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Mammoth Energy Services

Institutional investors have recently made changes to their positions in the business. Marquette Asset Management LLC purchased a new position in shares of Mammoth Energy Services during the 2nd quarter valued at approximately $357,000. FNY Investment Advisers LLC bought a new stake in shares of Mammoth Energy Services in the second quarter worth $248,000. Empowered Funds LLC raised its holdings in Mammoth Energy Services by 10.2% in the first quarter. Empowered Funds LLC now owns 241,313 shares of the energy company’s stock valued at $591,000 after acquiring an additional 22,322 shares in the last quarter. Bank of America Corp DE raised its holdings in Mammoth Energy Services by 15.9% in the first quarter. Bank of America Corp DE now owns 25,589 shares of the energy company’s stock valued at $63,000 after acquiring an additional 3,517 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Mammoth Energy Services by 24.7% during the 1st quarter. Renaissance Technologies LLC now owns 231,972 shares of the energy company’s stock valued at $568,000 after acquiring an additional 45,900 shares during the last quarter. 79.67% of the stock is owned by institutional investors and hedge funds.

Mammoth Energy Services Trading Down 2.8%

TUSK traded down $0.08 on Friday, reaching $2.80. The company’s stock had a trading volume of 279,240 shares, compared to its average volume of 422,403. Mammoth Energy Services has a 1 year low of $1.72 and a 1 year high of $3.92. The business’s 50 day moving average is $3.11 and its 200 day moving average is $2.58.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Mammoth Energy Services from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings raised shares of Mammoth Energy Services from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, May 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

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Mammoth Energy Services Company Profile

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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.