Short Interest in Energy Services of America Co. (NASDAQ:ESOA) Decreases By 16.4%

Energy Services of America Co. (NASDAQ:ESOA) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 143,800 shares, a drop of 16.4% from the September 15th total of 172,100 shares. Approximately 1.3% of the shares of the company are short sold. Based on an average daily volume of 160,700 shares, the days-to-cover ratio is currently 0.9 days.

Insiders Place Their Bets

In other Energy Services of America news, Director Marshall T. Reynolds sold 31,630 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were 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 $15,279,057. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Frank S. Lucente sold 3,000 shares of the 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 sale, the director now directly owns 281,337 shares of the company’s stock, valued at approximately $3,038,439.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Marshall T. Reynolds sold 31,630 shares of the business’s stock in a transaction that occurred on 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 directly 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. Insiders sold 160,576 shares of company stock worth $1,567,557 over the last quarter. 44.68% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Energy Services of America

A number of hedge funds and other institutional investors have recently bought and sold shares of ESOA. Vanguard Group Inc. increased its stake in 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 last quarter. CreativeOne Wealth LLC bought a new position in shares of Energy Services of America during the 1st quarter valued at about $109,000. LSV Asset Management purchased a new position in shares of Energy Services of America during the 1st quarter valued at about $116,000. Ritholtz Wealth Management raised its holdings in shares of Energy Services of America by 46.7% during the 2nd quarter. Ritholtz Wealth Management now owns 60,878 shares of the company’s stock valued at $436,000 after buying an additional 19,380 shares in the last quarter. Finally, Raffles Associates LP lifted its position in Energy Services of America by 22.6% in the 2nd quarter. Raffles Associates LP now owns 217,533 shares of the company’s stock worth $1,558,000 after buying an additional 40,142 shares during the last quarter. Hedge funds and other institutional investors own 2.13% of the company’s stock.

Energy Services of America Trading Up 3.5 %

Shares of Energy Services of America stock traded up $0.36 during trading on Wednesday, hitting $10.57. The stock had a trading volume of 101,979 shares, compared to its average volume of 150,625. Energy Services of America has a 12 month low of $3.46 and a 12 month high of $11.16. The business’s 50-day moving average is $9.55 and its 200 day moving average is $8.05.

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 business had revenue of $85.92 million during the quarter, compared to the consensus estimate of $91.23 million.

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.