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

Mammoth Energy Services, Inc. (NASDAQ:TUSK - Get Free Report) saw a significant drop in short interest in April. As of April 30th, there was short interest totalling 296,300 shares, a drop of 16.3% from the April 15th total of 353,900 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 57,400 shares, the short-interest ratio is presently 5.2 days.

Institutional Trading of Mammoth Energy Services

Hedge funds and other institutional investors have recently bought and sold shares of the company. Adage Capital Partners GP L.L.C. lifted its stake in shares of Mammoth Energy Services by 12.1% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 3,700,000 shares of the energy company's stock worth $17,168,000 after purchasing an additional 400,000 shares during the period. NBC Securities Inc. purchased a new position in Mammoth Energy Services during the third quarter worth about $272,000. WINTON GROUP Ltd boosted its stake in Mammoth Energy Services by 250.0% in the 3rd quarter. WINTON GROUP Ltd now owns 35,816 shares of the energy company's stock worth $166,000 after buying an additional 25,584 shares during the last quarter. O Shaughnessy Asset Management LLC grew its holdings in Mammoth Energy Services by 56.0% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 57,096 shares of the energy company's stock valued at $265,000 after buying an additional 20,505 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Mammoth Energy Services by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 723,772 shares of the energy company's stock valued at $2,635,000 after acquiring an additional 17,369 shares during the last quarter. 79.67% of the stock is owned by hedge funds and other institutional investors.

Mammoth Energy Services Price Performance

Shares of NASDAQ:TUSK traded down $0.08 on Monday, hitting $3.29. The company had a trading volume of 45,962 shares, compared to its average volume of 61,540. The company has a current ratio of 3.52, a quick ratio of 3.41 and a debt-to-equity ratio of 0.10. The company has a market cap of $157.95 million, a PE ratio of -6.85 and a beta of 1.70. Mammoth Energy Services has a 52-week low of $2.94 and a 52-week high of $5.75. The business has a 50 day moving average of $3.47 and a 200 day moving average of $3.90.

Mammoth Energy Services (NASDAQ:TUSK - Get Free Report) last released its earnings results on Friday, March 1st. The energy company reported ($0.12) earnings per share (EPS) for the quarter. The firm had revenue of $52.78 million during the quarter. Mammoth Energy Services had a negative net margin of 9.87% and a negative return on equity of 4.68%.

Mammoth Energy Services Company Profile

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.