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

Energy Services of America Co. (NASDAQ:ESOA) was the recipient of a significant growth in short interest in the month of 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. Approximately 3.1% of the shares of the stock are sold short. Based on an average daily volume of 163,100 shares, the short-interest ratio is presently 2.2 days.

Energy Services of America Trading 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 company were exchanged, compared to its average volume of 160,253. Energy Services of America has a fifty-two week low of $3.46 and a fifty-two week high of $16.97. The firm has a 50 day moving average price of $12.96 and a 200 day moving average price of $9.88.

Energy Services of America Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be given a $0.03 dividend. This is an increase 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%. The ex-dividend date of this dividend is Friday, December 13th. Energy Services of America’s dividend payout ratio is currently 16.39%.

Insider Activity at Energy Services of America

In other Energy Services of America news, Director Samuel G. Kapourales sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $10.10, for a total transaction of $505,000.00. Following the completion of the transaction, the director now directly owns 714,191 shares in the company, valued at approximately $7,213,329.10. This trade represents a 6.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jack M. Reynolds sold 25,000 shares of Energy Services of America stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $10.30, for a total transaction of $257,500.00. Following the transaction, the director now owns 408,385 shares of the company’s stock, valued at approximately $4,206,365.50. The trade was a 5.77 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 44.68% of the company’s stock.

Institutional Trading of Energy Services of America

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew 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 purchasing an additional 104,299 shares during the period. Huntington National Bank boosted its stake in Energy Services of America by 15.7% in the 3rd quarter. Huntington National Bank now owns 376,788 shares of the company’s stock worth $3,579,000 after buying an additional 51,200 shares during the last quarter. Raffles Associates LP grew its holdings 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 valued at $1,558,000 after buying an additional 40,142 shares during the period. Renaissance Technologies LLC increased its stake in shares of Energy Services of America by 12.8% during the 2nd quarter. Renaissance Technologies LLC now owns 203,892 shares of the company’s stock valued at $1,460,000 after acquiring an additional 23,192 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Energy Services of America by 20.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 178,625 shares of the company’s stock worth $1,279,000 after acquiring an additional 30,694 shares during the period. Institutional investors and hedge funds own 2.13% of the company’s stock.

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.