Energy Services of America Co. (NASDAQ:ESOA) Short Interest Up 18.2% in February

Energy Services of America Co. (NASDAQ:ESOA) was the target of a large growth in short interest in the month of 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. 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 stock are sold short.

Insider Activity

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

Hedge Funds Weigh In On Energy Services of America

Several institutional investors and hedge funds have recently modified their holdings of the stock. Navellier & Associates Inc. lifted its holdings in shares of Energy Services of America by 4.2% in the 4th quarter. Navellier & Associates Inc. now owns 34,000 shares of the company’s stock valued at $429,000 after buying an additional 1,382 shares during the period. Balyasny Asset Management L.P. lifted its holdings in shares of Energy Services of America by 21.4% in the 4th quarter. Balyasny Asset Management L.P. now owns 22,705 shares of the company’s stock valued at $287,000 after buying an additional 4,007 shares during the period. State Street Corp lifted its holdings in shares of Energy Services of America by 16.4% in the 3rd quarter. State Street Corp now owns 35,529 shares of the company’s stock valued at $338,000 after buying an additional 5,000 shares during the period. Virtu Financial LLC lifted its holdings in shares of Energy Services of America by 35.4% in the 3rd quarter. Virtu Financial LLC now owns 21,110 shares of the company’s stock valued at $201,000 after buying an additional 5,516 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of Energy Services of America in the 4th quarter valued at about $100,000. Institutional investors and hedge funds own 2.13% of the company’s stock.

Energy Services of America Stock Down 1.2 %

Energy Services of America stock traded down $0.11 during trading hours on Wednesday, hitting $9.35. 94,218 shares of the stock traded hands, compared to its average volume of 278,738. The firm’s 50 day moving average price is $10.99 and its 200-day moving average price is $11.83. Energy Services of America has a 1 year low of $5.70 and a 1 year high of $19.83.

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

Energy Services of America Company Profile

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.