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

Energy Services of America Co. (NASDAQ:ESOA) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 170,400 shares, an increase of 18.5% from the September 30th total of 143,800 shares. Based on an average daily volume of 155,100 shares, the days-to-cover ratio is presently 1.1 days. Approximately 1.5% of the shares of the company are sold short.

Energy Services of America Stock Down 2.8 %

Energy Services of America stock traded down $0.32 during trading hours on Wednesday, hitting $11.27. The company had a trading volume of 88,089 shares, compared to its average volume of 147,779. The firm has a 50-day moving average of $10.01 and a 200 day moving average of $8.23. Energy Services of America has a one year low of $3.46 and a one year high of $11.80.

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

Insider Activity

In related news, Director Marshall T. Reynolds sold 31,630 shares of Energy Services of America stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $9.00, for a total transaction of $284,670.00. Following the completion of the transaction, the director now owns 1,697,673 shares in the company, valued at approximately $15,279,057. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Energy Services of America news, Director Samuel G. Kapourales sold 50,000 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $10.10, for a total value of $505,000.00. Following the transaction, the director now directly owns 714,191 shares in the company, valued at $7,213,329.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Marshall T. Reynolds sold 31,630 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $9.00, for a total transaction of $284,670.00. Following the sale, the director now owns 1,697,673 shares of the company’s stock, valued at approximately $15,279,057. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 160,576 shares of company stock valued at $1,567,557. 44.68% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Energy Services of America by 32.5% in 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 period. O Shaughnessy Asset Management LLC acquired a new stake in Energy Services of America in the 1st quarter worth about $826,000. American Century Companies Inc. boosted its holdings in Energy Services of America by 257.5% in the 2nd quarter. American Century Companies Inc. now owns 117,124 shares of the company’s stock valued at $839,000 after purchasing an additional 84,362 shares during the period. Raffles Associates LP grew its position in shares of Energy Services of America by 22.6% during the 2nd quarter. Raffles Associates LP now owns 217,533 shares of the company’s stock worth $1,558,000 after purchasing an additional 40,142 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Energy Services of America by 20.7% during the second quarter. Dimensional Fund Advisors LP now owns 178,625 shares of the company’s stock worth $1,279,000 after purchasing an additional 30,694 shares during the period. Institutional investors own 2.13% of the company’s stock.

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.