Mammoth Energy Services, Inc. (NASDAQ:TUSK) Short Interest Down 16.7% in June

Mammoth Energy Services, Inc. (NASDAQ:TUSK) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totalling 209,600 shares, a decrease of 16.7% from the June 15th total of 251,500 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average trading volume of 61,400 shares, the days-to-cover ratio is presently 3.4 days.

Mammoth Energy Services Stock Up 3.5 %

NASDAQ TUSK traded up $0.11 during trading hours on Friday, reaching $3.21. 53,616 shares of the company traded hands, compared to its average volume of 62,257. Mammoth Energy Services has a 12 month low of $2.50 and a 12 month high of $5.75. 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 50 day moving average of $3.38 and a two-hundred day moving average of $3.59.

Mammoth Energy Services (NASDAQ:TUSK) last posted its quarterly earnings data on Thursday, May 2nd. The energy company reported ($0.25) EPS for the quarter. Mammoth Energy Services had a negative net margin of 9.87% and a negative return on equity of 4.68%. The company had revenue of $43.19 million for the quarter.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. BNP Paribas Financial Markets lifted its position in shares of Mammoth Energy Services by 55.8% in the 1st quarter. BNP Paribas Financial Markets now owns 11,265 shares of the energy company’s stock worth $41,000 after buying an additional 4,035 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Mammoth Energy Services by 26.5% in the 4th quarter. SG Americas Securities LLC now owns 12,699 shares of the energy company’s stock worth $57,000 after buying an additional 2,663 shares during the last quarter. Archer Investment Corp lifted its position in shares of Mammoth Energy Services by 25.1% in the 4th quarter. Archer Investment Corp now owns 21,400 shares of the energy company’s stock worth $95,000 after buying an additional 4,300 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Mammoth Energy Services by 8.0% in the 1st quarter. Empowered Funds LLC now owns 73,423 shares of the energy company’s stock worth $267,000 after acquiring an additional 5,425 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Mammoth Energy Services by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 723,772 shares of the energy company’s stock worth $2,635,000 after acquiring an additional 17,369 shares during the period. 79.67% of the stock is currently owned by institutional investors.

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.