Energy Services of America Co. (NASDAQ:ESOA) Short Interest Update

Energy Services of America Co. (NASDAQ:ESOA) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 137,100 shares, an increase of 9.4% from the May 31st total of 125,300 shares. Based on an average trading volume of 154,500 shares, the short-interest ratio is currently 0.9 days. Approximately 1.3% of the company’s shares are short sold.

Hedge Funds Weigh In On Energy Services of America

Hedge funds and other institutional investors have recently modified their holdings of the company. Thompson Davis & CO. Inc. boosted its position in Energy Services of America by 30.6% during the 4th quarter. Thompson Davis & CO. Inc. now owns 1,326,274 shares of the company’s stock worth $7,931,000 after purchasing an additional 310,924 shares during the period. 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 worth $3,505,000 after buying an additional 104,299 shares during the period. O Shaughnessy Asset Management LLC acquired a new stake in shares of Energy Services of America in the first quarter valued at about $826,000. Heron Bay Capital Management purchased a new stake in shares of Energy Services of America during the 1st quarter valued at about $234,000. Finally, Acadian Asset Management LLC acquired a new position in Energy Services of America during the 3rd quarter worth approximately $113,000. 2.13% of the stock is owned by institutional investors and hedge funds.

Energy Services of America Stock Up 2.4 %

Shares of ESOA traded up $0.17 during mid-day trading on Wednesday, reaching $7.27. The company had a trading volume of 50,200 shares, compared to its average volume of 149,722. Energy Services of America has a fifty-two week low of $2.66 and a fifty-two week high of $9.49. The firm has a fifty day simple moving average of $7.04 and a 200-day simple moving average of $7.17.

Energy Services of America (NASDAQ:ESOA) last issued its earnings results on Wednesday, May 8th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.16). The company had revenue of $71.13 million during the quarter, compared to analysts’ expectations of $73.40 million.

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.