Short Interest in Mammoth Energy Services, Inc. (NASDAQ:TUSK) Expands By 21.3%

Mammoth Energy Services, Inc. (NASDAQ:TUSK) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 1,048,211 shares, a growth of 21.3% from the March 15th total of 864,244 shares. Based on an average trading volume of 364,709 shares, the short-interest ratio is presently 2.9 days. Currently, 2.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TUSK. Virtu Financial LLC purchased a new position in Mammoth Energy Services in the 3rd quarter worth about $32,000. Franklin Resources Inc. purchased a new stake in Mammoth Energy Services in the 3rd quarter valued at about $36,000. Jane Street Group LLC boosted its position in 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 buying an additional 5,621 shares during the period. Bank of America Corp DE grew its stake in Mammoth Energy Services by 45.8% in the 4th quarter. Bank of America Corp DE now owns 22,882 shares of the energy company’s stock worth $69,000 after acquiring an additional 7,192 shares in the last quarter. Finally, Steinberganna Wealth Management purchased a new position in shares of Mammoth Energy Services during the third quarter worth approximately $56,000. 79.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on TUSK shares. Wall Street Zen lowered shares of 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 report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Mammoth Energy Services Stock Performance

Shares of TUSK stock opened at $2.73 on Friday. The stock has a 50 day moving average price of $2.36 and a 200 day moving average price of $2.17. Mammoth Energy Services has a 52-week low of $1.72 and a 52-week high of $3.12. The firm has a market capitalization of $132.02 million, a P/E ratio of 30.33 and a beta of 0.91.

Mammoth Energy Services (NASDAQ:TUSK) last announced its quarterly earnings data on Friday, March 6th. The energy company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.18). Mammoth Energy Services had a net margin of 4.46% and a negative return on equity of 23.73%. The business had revenue of $9.46 million during the quarter, compared to the consensus estimate of $39.30 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.