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

Energy Services of America Co. (NASDAQ:ESOA) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 853,200 shares, a growth of 18.2% from the February 13th total of 721,800 shares. Approximately 7.3% of the shares of the stock are short sold. Based on an average daily volume of 307,500 shares, the short-interest ratio is currently 2.8 days.

Insider Buying and Selling

In related news, Director Mark Prince acquired 21,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The shares were acquired at an average price of $10.96 per share, with a total value of $230,160.00. Following the acquisition, the director now owns 100,071 shares of the company’s stock, valued at approximately $1,096,778.16. This trade represents a 26.56 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Marshall T. Reynolds sold 34,713 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $16.04, for a total value of $556,796.52. Following the sale, the director now directly owns 1,525,373 shares in the company, valued at $24,466,982.92. This trade represents a 2.23 % decrease in their position. The disclosure for this sale can be found here. 44.68% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Energy Services of America

A number of institutional investors have recently added to or reduced their stakes in the business. State Street Corp increased its position in shares of Energy Services of America by 16.4% during the 3rd quarter. State Street Corp now owns 35,529 shares of the company’s stock valued at $338,000 after purchasing an additional 5,000 shares during the last quarter. Empowered Funds LLC bought a new position in shares of Energy Services of America during the 4th quarter valued at about $731,000. GSA Capital Partners LLP bought a new position in shares of Energy Services of America during the 3rd quarter valued at about $452,000. Verdence Capital Advisors LLC bought a new position in shares of Energy Services of America during the 4th quarter valued at about $821,000. Finally, XTX Topco Ltd bought a new position in shares of Energy Services of America during the 3rd quarter valued at about $401,000. 2.13% of the stock is currently owned by institutional investors.

Energy Services of America Stock Performance

Shares of NASDAQ ESOA opened at $9.71 on Thursday. The stock’s 50-day simple moving average is $10.96 and its two-hundred day simple moving average is $11.84. Energy Services of America has a twelve month low of $5.70 and a twelve month high of $19.83.

Energy Services of America (NASDAQ:ESOA) last announced its earnings results on Monday, February 10th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.05).

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.