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

Energy Services of America Co. (NASDAQ:ESOA) saw a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 853,200 shares, an increase of 18.2% from the February 13th total of 721,800 shares. Based on an average trading volume of 307,500 shares, the days-to-cover ratio is presently 2.8 days. Currently, 7.3% of the company’s shares are sold short.

Energy Services of America Stock Performance

ESOA opened at $9.64 on Friday. Energy Services of America has a 52 week low of $5.70 and a 52 week high of $19.83. The business has a fifty day simple moving average of $10.92 and a 200-day simple moving average of $11.84.

Energy Services of America (NASDAQ:ESOA) last released its quarterly earnings results on Monday, February 10th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.05).

Insiders Place Their Bets

In other news, Director Mark Prince purchased 21,000 shares of the stock in a transaction dated Wednesday, February 12th. The stock was acquired at an average cost of $10.96 per share, for a total transaction of $230,160.00. Following the completion of the transaction, the director now directly owns 100,071 shares in the company, valued at approximately $1,096,778.16. This represents a 26.56 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 44.68% of the stock is owned by insiders.

Institutional Trading of Energy Services of America

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quantbot Technologies LP acquired a new stake in Energy Services of America in the fourth quarter valued at $100,000. Wells Fargo & Company MN acquired a new stake in Energy Services of America in the fourth quarter valued at $111,000. Tower Research Capital LLC TRC acquired a new stake in Energy Services of America in the fourth quarter valued at $112,000. Occudo Quantitative Strategies LP acquired a new stake in Energy Services of America in the fourth quarter valued at $127,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in Energy Services of America in the fourth quarter valued at $140,000. 2.13% of the stock is currently owned by institutional investors and hedge funds.

About Energy Services of America

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.