Will Mammoth Energy Services Inc (NASDAQ:TUSK) Run Out of Steam Soon? Short Interest Is Down

June 13, 2018 - By Migdalia James

The stock of Mammoth Energy Services Inc (NASDAQ:TUSK) registered a decrease of 9.08% in short interest. TUSK’s total short interest was 896,300 shares in June as published by FINRA. Its down 9.08% from 985,800 shares, reported previously. With 353,200 shares average volume, it will take short sellers 3 days to cover their TUSK’s short positions. The short interest to Mammoth Energy Services Inc’s float is 8.89%.

The stock increased 1.35% or $0.5 during the last trading session, reaching $37.41. About 55,504 shares traded. Mammoth Energy Services, Inc. (NASDAQ:TUSK) has risen 66.58% since June 13, 2017 and is uptrending. It has outperformed by 54.01% the S&P500.

Mammoth Energy Services, Inc. operates as an integrated oilfield service company. The company has market cap of $1.67 billion. The firm operates in five divisions: Pressure Pumping Services; Well Services; Natural Sand Proppant; Contract Land and Directional Drilling Services; and Other Energy Services. It has a 13.59 P/E ratio. The Company’s Pressure Pumping Services segment provides high-pressure hydraulic fracturing services to enhance the production of oil and natural gas from formations having low permeability.

More recent Mammoth Energy Services, Inc. (NASDAQ:TUSK) news were published by: Nasdaq.com which released: “Research Report Identifies AngioDynamics, Kaiser Aluminum, Mammoth Energy Services, Meridian Bioscience …” on May 29, 2018. Also Nasdaq.com published the news titled: “Mid-Day Market Update: Dow Falls Over 400 Points; T2 Biosystems Shares Plunge” on May 29, 2018. Nasdaq.com‘s news article titled: “Cobra Signs New $900 million Contract to Finish the Restoration of Critical Electrical Services and Support the Initial …” with publication date: May 29, 2018 was also an interesting one.

Mammoth Energy Services, Inc. (NASDAQ:TUSK) Ratings Chart

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