Mammoth Energy Services Inc (NASDAQ:TUSK) Shorted Shares Decreased By 9.08%

June 27, 2018 - By Alex Paulin

Mammoth Energy Services Inc (NASDAQ:TUSK) had a decrease of its shares shorted by 9.08%. FINRA issued shares shorted of TUSK’s total 896,300 shares. Previously was reported down change of 9.08% from 985,800 shares. Previous TUSK’s position will need 3 days to recover. It has 353,200 average volume. Mammoth Energy Services Inc’s shares shorted float is 8.89%.

TUSK is hitting $38.065 during the last trading session, after decreased 4.31%.Mammoth Energy Services, Inc. is uptrending after having risen 66.58% since June 27, 2017. TUSK has 1.58M volume or 282.07% up from normal. TUSK outperformed by 54.01% the S&P500.

Mammoth Energy Services, Inc. operates as an integrated oilfield service company.The company has $1.70 billion market cap. The firm operates in five divisions: Pressure Pumping Services; Well Services; Natural Sand Proppant; Contract Land and Directional Drilling Services; and Other Energy Services.The P/E ratio is 13.83. 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.

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