Energy Services of America Co. (NASDAQ:ESOA) Short Interest Up 18.2% in February

Energy Services of America Co. (NASDAQ:ESOA) saw a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 853,200 shares, a growth of 18.2% from the February 13th total of 721,800 shares. Approximately 7.3% of the shares of the stock are sold short. Based on an average daily volume of 307,500 shares, the days-to-cover ratio is presently 2.8 days.

Energy Services of America Price Performance

Shares of Energy Services of America stock traded down $0.11 during mid-day trading on Wednesday, reaching $9.35. 94,218 shares of the stock traded hands, compared to its average volume of 278,738. The business has a 50-day moving average of $10.99 and a 200 day moving average of $11.83. Energy Services of America has a fifty-two week low of $5.70 and a fifty-two week high of $19.83.

Energy Services of America (NASDAQ:ESOA) last announced its earnings results on Monday, February 10th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.05).

Insider Buying and Selling

In other Energy Services of America news, Director Mark Prince purchased 21,000 shares of Energy Services of America stock in a transaction that occurred on Wednesday, February 12th. The stock was bought at an average price of $10.96 per share, with a total value of $230,160.00. Following the acquisition, the director now owns 100,071 shares of the company’s stock, valued at $1,096,778.16. This trade represents a 26.56 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Marshall T. Reynolds sold 34,713 shares of the company’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $16.04, for a total value of $556,796.52. Following the completion of the transaction, the director now directly owns 1,525,373 shares of the company’s stock, valued at $24,466,982.92. The trade was a 2.23 % decrease in their position. The disclosure for this sale can be found here. 44.68% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Energy Services of America

A number of large investors have recently made changes to their positions in ESOA. Truffle Hound Capital LLC purchased a new stake in shares of Energy Services of America in the fourth quarter valued at approximately $5,048,000. Huntington National Bank grew its position in shares of Energy Services of America by 80.1% in the fourth quarter. Huntington National Bank now owns 678,588 shares of the company’s stock valued at $8,564,000 after purchasing an additional 301,800 shares in the last quarter. Susquehanna International Group LLP grew its position in shares of Energy Services of America by 950.6% in the fourth quarter. Susquehanna International Group LLP now owns 184,326 shares of the company’s stock valued at $2,326,000 after purchasing an additional 166,781 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Energy Services of America in the fourth quarter valued at approximately $1,347,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Energy Services of America in the fourth quarter valued at approximately $1,318,000. 2.13% of the stock is currently owned by hedge funds and other 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.