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

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

Insider Activity at Energy Services of America

In other Energy Services of America news, Director Frank S. Lucente sold 13,000 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $5.59, for a total transaction of $72,670.00. Following the completion of the transaction, the director now owns 336,399 shares in the company, valued at $1,880,470.41. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 44.68% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Energy Services of America

A number of large investors have recently added to or reduced their stakes in ESOA. M. Kulyk & Associates LLC bought a new position in Energy Services of America during the 4th quarter worth about $62,000. Bailard Inc. bought a new position in Energy Services of America during the 4th quarter worth about $112,000. Acadian Asset Management LLC bought a new position in Energy Services of America during the 3rd quarter worth about $113,000. Raymond James & Associates increased its holdings in Energy Services of America by 27.0% during the 4th quarter. Raymond James & Associates now owns 23,497 shares of the company’s stock worth $141,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Essex Investment Management Co. LLC bought a new position in Energy Services of America during the 3rd quarter worth about $393,000. Institutional investors own 2.13% of the company’s stock.

Energy Services of America Stock Performance

NASDAQ:ESOA opened at $7.74 on Tuesday. The stock’s fifty day moving average price is $5.95. Energy Services of America has a 52-week low of $1.84 and a 52-week 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, beating analysts’ consensus estimates of $0.09 by $0.25. The company had revenue of $104.86 million during the quarter, compared to analyst estimates of $70.00 million.

Energy Services of America Dividend Announcement

The company 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. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, December 14th. Energy Services of America’s dividend payout ratio is currently 32.79%.

Energy Services of America Company Profile

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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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