Short Interest in Mammoth Energy Services, Inc. (NASDAQ:TUSK) Declines By 83.4%

Mammoth Energy Services, Inc. (NASDAQ:TUSK) saw a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 132,483 shares, a decline of 83.4% from the June 15th total of 797,469 shares. Based on an average trading volume of 699,166 shares, the short-interest ratio is currently 0.2 days. Currently, 0.3% of the shares of the stock are sold short.

Mammoth Energy Services Stock Performance

NASDAQ:TUSK traded up $0.11 on Monday, hitting $2.91. 167,129 shares of the stock were exchanged, compared to its average volume of 431,002. The stock has a market capitalization of $140.17 million, a price-to-earnings ratio of 13.86 and a beta of 1.11. Mammoth Energy Services has a 52 week low of $1.72 and a 52 week high of $3.92. The company’s 50-day moving average price is $3.11 and its 200 day moving average price is $2.59.

Insider Buying and Selling at Mammoth Energy Services

In related news, insider Wexford Capital Lp bought 4,019,574 shares of Mammoth Energy Services stock in a transaction dated Wednesday, June 17th. The shares were bought at an average cost of $2.60 per share, for a total transaction of $10,450,892.40. Following the completion of the transaction, the insider owned 10,620,789 shares of the company’s stock, valued at approximately $27,614,051.40. This trade represents a 60.89% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have bought 4,029,574 shares of company stock valued at $10,483,352 over the last ninety days. Insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Mammoth Energy Services

A number of institutional investors and hedge funds have recently modified their holdings of TUSK. Virtu Financial LLC bought a new position in Mammoth Energy Services in the third quarter valued at approximately $32,000. Sei Investments Co. acquired a new stake in Mammoth Energy Services during the 1st quarter worth $33,000. Franklin Resources Inc. bought a new stake in shares of Mammoth Energy Services during the 3rd quarter valued at $36,000. Sanctuary Advisors LLC bought a new stake in shares of Mammoth Energy Services during the 1st quarter valued at $41,000. Finally, Jane Street Group LLC lifted its stake in shares of 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 purchasing an additional 5,621 shares during the period. 79.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

About Mammoth Energy Services

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.