Short Interest in Energy Services of America Co. (NASDAQ:ESOA) Increases By 38.3%

Energy Services of America Co. (NASDAQ:ESOA) was the target of a significant increase in short interest in the month of 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 shares of the company are sold short. Based on an average daily volume of 156,900 shares, the short-interest ratio is presently 1.1 days.

Energy Services of America Trading Down 0.8 %

Shares of NASDAQ:ESOA traded down $0.07 during trading on Friday, hitting $9.23. 91,722 shares of the company were exchanged, compared to its average volume of 153,865. Energy Services of America has a 52-week low of $3.46 and a 52-week high of $11.16. The stock has a 50 day moving average of $8.94 and a 200 day moving average of $7.91.

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

Insider Buying and Selling at Energy Services of America

In other Energy Services of America news, Director Frank S. Lucente sold 5,000 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $10.30, for a total value of $51,500.00. Following the sale, the director now directly owns 287,137 shares in the company, valued at $2,957,511.10. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Frank S. Lucente sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $10.80, for a total transaction of $32,400.00. Following the sale, the director now directly owns 281,337 shares in the company, valued at approximately $3,038,439.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frank S. Lucente sold 5,000 shares of Energy Services of America stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $10.30, for a total transaction of $51,500.00. Following the completion of the transaction, the director now owns 287,137 shares of the company’s stock, valued at $2,957,511.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 160,576 shares of company stock valued at $1,567,557. Company insiders own 44.68% of the company’s stock.

Hedge Funds Weigh In On Energy Services of America

Large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in 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 acquiring an additional 104,299 shares during the period. CreativeOne Wealth LLC bought a new position in shares of Energy Services of America in the first quarter worth $109,000. LSV Asset Management purchased a new stake in shares of Energy Services of America in the first quarter worth $116,000. Ritholtz Wealth Management raised its position in shares of Energy Services of America by 46.7% in the second quarter. Ritholtz Wealth Management now owns 60,878 shares of the company’s stock worth $436,000 after buying an additional 19,380 shares in the last quarter. Finally, Raffles Associates LP boosted its stake in Energy Services of America by 22.6% during the second 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. 2.13% of the stock is currently owned by institutional investors.

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.