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

Energy Services of America Co. (NASDAQ:ESOA) was the recipient of a significant increase in short interest in 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. Currently, 7.3% of the company’s stock are short sold. Based on an average trading volume of 307,500 shares, the days-to-cover ratio is currently 2.8 days.

Energy Services of America Trading Up 2.6 %

Shares of Energy Services of America stock opened at $9.71 on Thursday. The stock has a fifty day simple moving average of $10.96 and a 200 day simple moving average of $11.84. Energy Services of America has a 12-month low of $5.70 and a 12-month high of $19.83.

Energy Services of America (NASDAQ:ESOA) last posted its quarterly earnings data 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).

Insider Activity

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quantbot Technologies LP purchased a new position in Energy Services of America in the fourth quarter worth $100,000. Wells Fargo & Company MN purchased a new position in shares of Energy Services of America during the 4th quarter valued at $111,000. Tower Research Capital LLC TRC purchased a new position in shares of Energy Services of America during the 4th quarter valued at $112,000. Occudo Quantitative Strategies LP purchased a new position in shares of Energy Services of America during the 4th quarter valued at $127,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of Energy Services of America during the 4th quarter valued at $140,000. Hedge funds and other institutional investors own 2.13% of the company’s stock.

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.