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

Energy Services of America Co. (NASDAQ:ESOA) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 137,100 shares, a growth 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. Currently, 1.3% of the shares of the stock are sold short.

Energy Services of America Trading Up 2.4 %

Shares of ESOA traded up $0.17 during mid-day trading on Wednesday, reaching $7.27. The stock had a trading volume of 50,200 shares, compared to its average volume of 149,722. The business’s fifty day moving average is $7.04 and its 200 day moving average is $7.17. Energy Services of America has a 52-week low of $2.66 and a 52-week high of $9.49.

Energy Services of America (NASDAQ:ESOA) last announced its quarterly earnings results on Wednesday, May 8th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.16). The firm had revenue of $71.13 million during the quarter, compared to analyst estimates of $73.40 million.

Institutional Investors Weigh In On Energy Services of America

A number of institutional investors have recently modified their holdings of the company. M. Kulyk & Associates LLC acquired a new stake in Energy Services of America during the 4th quarter worth approximately $62,000. Quadrature Capital Ltd purchased a new stake in shares of Energy Services of America during the first quarter worth $106,000. CreativeOne Wealth LLC acquired a new stake in shares of Energy Services of America in the first quarter valued at $109,000. Bailard Inc. purchased a new position in Energy Services of America in the fourth quarter valued at $112,000. Finally, Acadian Asset Management LLC acquired a new position in Energy Services of America during the 3rd quarter worth $113,000. 2.13% of the stock is owned by institutional investors and hedge funds.

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.