Mammoth Energy Services, Inc. (NASDAQ:TUSK) Short Interest Up 3,036.8% in July

Key Points

• Mammoth Energy Services experienced a dramatic 3,036.8% increase in short interest, with a total of 213,300 shares shorted as of July 15th, impacting the days-to-cover ratio.
• Analysts from Wall Street Zen upgraded Mammoth Energy Services from a "hold" rating to a "buy" rating on May 8th, indicating improved market sentiment.
• The company reported a net loss with a negative P/E ratio of -0.62 in its recent earnings, showcasing ongoing financial challenges despite revenue of $62.47 million.

Mammoth Energy Services, Inc. (NASDAQ:TUSK - Get Free Report) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 213,300 shares, agrowthof3,036.8% from the June 30th total of 6,800 shares. Approximately0.5% of the company's shares are short sold. Based on an average daily volume of 122,800 shares, the days-to-cover ratio is currently 1.7 days. Based on an average daily volume of 122,800 shares, the days-to-cover ratio is currently 1.7 days. Approximately0.5% of the company's shares are short sold.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Mammoth Energy Services from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th.

Mammoth Energy Services Trading Down 0.4%

Shares of NASDAQ:TUSK traded down $0.01 during mid-day trading on Tuesday, reaching $2.55. The stock had a trading volume of 6,819 shares, compared to its average volume of 127,025. The firm has a market cap of $122.73 million, a PE ratio of -0.63 and a beta of 1.30. The firm has a 50 day simple moving average of $2.72 and a two-hundred day simple moving average of $2.58. Mammoth Energy Services has a twelve month low of $1.68 and a twelve month high of $4.90.

Mammoth Energy Services (NASDAQ:TUSK - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The energy company reported ($0.01) EPS for the quarter. Mammoth Energy Services had a negative net margin of 94.61% and a negative return on equity of 73.54%. The firm had revenue of $62.47 million during the quarter.

Insider Activity

In related news, Director Arthur L. Smith sold 50,000 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $2.51, for a total value of $125,500.00. Following the sale, the director directly owned 150,034 shares in the company, valued at $376,585.34. This trade represents a 25.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last 90 days, insiders have sold 85,000 shares of company stock valued at $213,050. 2.10% of the stock is currently owned by company insiders.

Institutional Trading of Mammoth Energy Services

Hedge funds and other institutional investors have recently made changes to their positions in the business. Rangeley Capital LLC acquired a new stake in shares of Mammoth Energy Services in the fourth quarter valued at approximately $1,297,000. Dimensional Fund Advisors LP raised its holdings in shares of Mammoth Energy Services by 11.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 991,223 shares of the energy company's stock valued at $2,973,000 after purchasing an additional 98,295 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Mammoth Energy Services by 2.1% in the fourth quarter. Northern Trust Corp now owns 206,039 shares of the energy company's stock valued at $618,000 after purchasing an additional 4,175 shares during the last quarter. Invesco Ltd. acquired a new stake in shares of Mammoth Energy Services in the fourth quarter valued at approximately $30,000. Finally, Geode Capital Management LLC raised its holdings in shares of Mammoth Energy Services by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 537,376 shares of the energy company's stock valued at $1,612,000 after purchasing an additional 8,526 shares during the last quarter. 79.67% of the stock is currently owned by institutional investors and hedge funds.

About Mammoth Energy Services

Mammoth Energy Services, Inc operates as an energy services company in the United States, Canada, and internationally. The company operates in four segments: Well Completion Services, Infrastructure Services, Natural Sand Proppant Services, and Drilling Services. The company offers pressure pumping and hydraulic fracturing, sand hauling, and water transfer services; and master services agreements.