Short Interest in Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) Declines By 26.1%

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) was the target of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 4,160 shares, a decrease of 26.1% from the January 15th total of 5,631 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 16,201 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 16,201 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the shares of the company are sold short.

Espey Mfg. & Electronics Trading Up 3.8%

Espey Mfg. & Electronics stock opened at $52.41 on Friday. The firm has a 50 day simple moving average of $49.52 and a 200 day simple moving average of $44.61. Espey Mfg. & Electronics has a 1-year low of $24.85 and a 1-year high of $62.15. The firm has a market capitalization of $155.13 million, a price-to-earnings ratio of 15.28 and a beta of 0.16.

Espey Mfg. & Electronics (NYSEAMERICAN:ESP) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.23. Espey Mfg. & Electronics had a return on equity of 19.09% and a net margin of 23.37%.The firm had revenue of $12.14 million during the quarter, compared to analyst estimates of $12.40 million.

Espey Mfg. & Electronics Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Friday, December 19th were given a dividend of $0.25 per share. The ex-dividend date was Friday, December 19th. This represents a $1.00 annualized dividend and a dividend yield of 1.9%. Espey Mfg. & Electronics’s dividend payout ratio is currently 40.82%.

Espey Mfg. & Electronics Company Profile

Espey Manufacturing & Electronics Corp., founded in 1961 and headquartered in Lowell, Massachusetts, specializes in the design, development and manufacture of precision electronic components and sensor systems. The company’s core product offerings include magnetostrictive transducers, torque and position sensors, wideband RF and microwave amplifiers, as well as high-reliability printed circuit boards and molded bus assemblies. These solutions are engineered to withstand harsh operating environments and meet stringent performance requirements.

Espey’s sensor technologies are employed in applications ranging from industrial automation and energy production to commercial and military aerospace platforms.