Energy Services of America Co. (NASDAQ:ESOA) Short Interest Up 33.1% in November

Energy Services of America Co. (NASDAQ:ESOA) was the target of a large growth in short interest in November. As of November 30th, there was short interest totalling 353,300 shares, a growth of 33.1% from the November 15th total of 265,500 shares. Based on an average trading volume of 163,100 shares, the days-to-cover ratio is presently 2.2 days. Approximately 3.1% of the company’s stock are short sold.

Insider Activity at Energy Services of America

In other Energy Services of America news, Director Samuel G. Kapourales sold 50,000 shares of Energy Services of America 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 sale, the director now directly owns 714,191 shares in the company, valued at approximately $7,213,329.10. The trade was a 6.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jack M. Reynolds sold 25,000 shares of Energy Services of America stock in a transaction on Friday, September 20th. The shares were sold at an average price of $10.30, for a total transaction of $257,500.00. Following the completion of the sale, the director now owns 408,385 shares in the company, valued at $4,206,365.50. The trade was a 5.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 44.68% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Energy Services of America by 32.5% during the 1st quarter. Vanguard Group Inc. now owns 424,892 shares of the company’s stock worth $3,505,000 after purchasing an additional 104,299 shares in the last quarter. American Century Companies Inc. boosted its position in Energy Services of America by 257.5% in the second quarter. American Century Companies Inc. now owns 117,124 shares of the company’s stock valued at $839,000 after buying an additional 84,362 shares in the last quarter. Huntington National Bank boosted its position in Energy Services of America by 15.7% in the third quarter. Huntington National Bank now owns 376,788 shares of the company’s stock valued at $3,579,000 after buying an additional 51,200 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in Energy Services of America in the third quarter valued at approximately $452,000. Finally, XTX Topco Ltd acquired a new stake in Energy Services of America in the third quarter valued at approximately $401,000. 2.13% of the stock is currently owned by institutional investors and hedge funds.

Energy Services of America Stock Up 2.3 %

Shares of Energy Services of America stock traded up $0.36 during trading on Friday, hitting $15.99. 228,378 shares of the stock were exchanged, compared to its average volume of 160,253. The company has a fifty day moving average price of $12.96 and a 200-day moving average price of $9.88. Energy Services of America has a 1-year low of $3.46 and a 1-year high of $16.97.

Energy Services of America Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be paid a dividend of $0.03 per share. The ex-dividend date is Friday, December 13th. This is a positive change from Energy Services of America’s previous quarterly dividend of $0.02. This represents a $0.12 annualized dividend and a dividend yield of 0.75%. Energy Services of America’s payout ratio is currently 16.39%.

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.