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

Key Points

• Short interest jumped 24.5% in March to 864,244 shares (about 1.8% of shares sold short), with a days-to-cover ratio of roughly 2.5 days.
• Wall Street sentiment is negative: the stock carries a MarketBeat consensus rating of "Sell" after recent downgrades, including from Weiss Ratings and Wall Street Zen.
• Quarterly results missed estimates sharply: Mammoth reported EPS of -$0.26 vs. -$0.08 expected and revenue of $9.46M vs. $39.3M expected, with a market cap around $138 million and the share price near $2.85.

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

Wall Street Analyst Weigh In

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

Mammoth Energy Services Stock Performance

Shares of NASDAQ TUSK opened at $2.85 on Monday. Mammoth Energy Services has a 1 year low of $1.68 and a 1 year high of $3.12. The firm's 50 day moving average price is $2.31 and its 200 day moving average price is $2.16. The firm has a market cap of $137.83 million, a P/E ratio of 31.67 and a beta of 0.95.

Mammoth Energy Services (NASDAQ:TUSK - Get Free Report) last issued its quarterly earnings results on Friday, March 6th. The energy company reported ($0.26) earnings per share for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.18). The business had revenue of $9.46 million for the quarter, compared to analysts' expectations of $39.30 million. Mammoth Energy Services had a negative return on equity of 23.73% and a net margin of 4.46%.

Institutional Trading of Mammoth Energy Services

A number of hedge funds have recently added to or reduced their stakes in the business. Adage Capital Partners GP L.L.C. grew its holdings in Mammoth Energy Services by 10.2% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 4,575,000 shares of the energy company's stock valued at $12,810,000 after buying an additional 425,000 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Mammoth Energy Services by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 585,719 shares of the energy company's stock worth $1,084,000 after acquiring an additional 6,614 shares during the period. Bridgeway Capital Management LLC boosted its position in shares of Mammoth Energy Services by 5.1% in the fourth quarter. Bridgeway Capital Management LLC now owns 409,991 shares of the energy company's stock worth $758,000 after acquiring an additional 20,027 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Mammoth Energy Services by 11,736.0% in the fourth quarter. Russell Investments Group Ltd. now owns 247,491 shares of the energy company's stock valued at $458,000 after purchasing an additional 245,400 shares during the period. Finally, Empowered Funds LLC grew its holdings in Mammoth Energy Services by 10.1% in the fourth quarter. Empowered Funds LLC now owns 218,991 shares of the energy company's stock valued at $405,000 after purchasing an additional 20,027 shares during the period. 79.67% of the stock is owned by institutional investors and hedge funds.

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.

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