Energy Services of America Co. (NASDAQ:ESOA) Sees Significant Increase in Short Interest

Energy Services of America Co. (NASDAQ:ESOAGet Free Report) was the recipient of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 56,600 shares, a growth of 61.3% from the January 15th total of 35,100 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average trading volume of 117,900 shares, the short-interest ratio is currently 0.5 days.

Insiders Place Their Bets

In other Energy Services of America news, Director Frank S. Lucente sold 13,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $5.59, for a total transaction of $72,670.00. Following the transaction, the director now owns 336,399 shares in the company, valued at approximately $1,880,470.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 44.68% of the company’s stock.

Hedge Funds Weigh In On Energy Services of America

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. M. Kulyk & Associates LLC bought a new position in Energy Services of America in the 4th quarter valued at approximately $62,000. Bailard Inc. bought a new position in shares of Energy Services of America during the 4th quarter valued at $112,000. Raymond James & Associates lifted its holdings in shares of Energy Services of America by 27.0% during the 4th quarter. Raymond James & Associates now owns 23,497 shares of the company’s stock valued at $141,000 after buying an additional 5,000 shares during the period. Acadian Asset Management LLC bought a new position in shares of Energy Services of America during the 3rd quarter valued at $113,000. Finally, Essex Investment Management Co. LLC bought a new position in shares of Energy Services of America during the 3rd quarter valued at $393,000. 2.13% of the stock is owned by institutional investors.

Energy Services of America Trading Down 4.7 %

Energy Services of America stock opened at $7.74 on Tuesday. The stock has a 50 day moving average of $5.95. Energy Services of America has a twelve month low of $1.84 and a twelve month high of $8.55.

Energy Services of America (NASDAQ:ESOAGet Free Report) last posted its quarterly earnings results on Monday, December 18th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.25. The company had revenue of $104.86 million during the quarter, compared to analysts’ expectations of $70.00 million.

Energy Services of America Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 15th were given a $0.06 dividend. The ex-dividend date was Thursday, December 14th. This represents a yield of 1.4%. Energy Services of America’s dividend payout ratio (DPR) is presently 32.79%.

About Energy Services of America

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Energy Services of America Corporation, together with its subsidiaries, provides contracting services for utilities and energy related companies in the United States. The company constructs, replaces, and repairs interstate and intrastate natural gas pipelines and storage facilities for utility companies and private natural gas companies; and provides services relating to pipeline, storage facilities, and plant works.

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