Energy Services of America Co. (NASDAQ:ESOA) Short Interest Update

Energy Services of America Co. (NASDAQ:ESOA) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totalling 172,100 shares, an increase of 38.3% from the August 31st total of 124,400 shares. Currently, 1.5% of the company’s shares are short sold. Based on an average daily volume of 156,900 shares, the days-to-cover ratio is currently 1.1 days.

Insiders Place Their Bets

In other Energy Services of America news, Director Marshall T. Reynolds sold 31,630 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $9.00, for a total transaction of $284,670.00. Following the transaction, the director now directly owns 1,697,673 shares in the company, valued at approximately $15,279,057. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Marshall T. Reynolds sold 31,630 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $9.00, for a total transaction of $284,670.00. Following the transaction, the director now owns 1,697,673 shares of the company’s stock, valued at approximately $15,279,057. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frank S. Lucente sold 3,000 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $10.80, for a total value of $32,400.00. Following the completion of the sale, the director now owns 281,337 shares of the company’s stock, valued at $3,038,439.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 160,576 shares of company stock worth $1,567,557. 44.68% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Energy Services of America

Institutional investors have recently bought and sold shares of the stock. Denali Advisors LLC bought a new position in shares of Energy Services of America during the first quarter valued at about $154,000. Advisor Resource Council bought a new position in shares of Energy Services of America during the 1st quarter worth approximately $126,000. Thompson Davis & CO. Inc. boosted its stake in shares of Energy Services of America by 0.6% in the 1st quarter. Thompson Davis & CO. Inc. now owns 1,333,725 shares of the company’s stock worth $11,003,000 after buying an additional 7,451 shares during the last quarter. LSV Asset Management bought a new position in shares of Energy Services of America in the first quarter valued at approximately $116,000. Finally, Vanguard Group Inc. increased its position in shares of Energy Services of America by 32.5% during the first quarter. Vanguard Group Inc. now owns 424,892 shares of the company’s stock valued at $3,505,000 after acquiring an additional 104,299 shares during the last quarter. Institutional investors own 2.13% of the company’s stock.

Energy Services of America Stock Down 0.8 %

Shares of Energy Services of America stock traded down $0.07 during trading hours on Friday, reaching $9.23. The company’s stock had a trading volume of 91,722 shares, compared to its average volume of 153,865. The stock’s fifty day simple moving average is $8.94 and its two-hundred day simple moving average is $7.91. Energy Services of America has a one year low of $3.46 and a one year high of $11.16.

Energy Services of America (NASDAQ:ESOA) last released its quarterly earnings results on Monday, August 12th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.27. The company had revenue of $85.92 million for the quarter, compared to analyst estimates of $91.23 million.

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.