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

Energy Services of America Co. (NASDAQ:ESOAGet Free Report) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 140,000 shares, a growth of 39.7% from the April 30th total of 100,200 shares. Based on an average daily volume of 139,900 shares, the short-interest ratio is presently 1.0 days. Currently, 1.3% of the company’s stock are sold short.

Energy Services of America Stock Up 0.1 %

NASDAQ:ESOA opened at $6.71 on Thursday. The stock has a 50 day moving average of $7.37 and a 200-day moving average of $6.63. Energy Services of America has a 52 week low of $1.84 and a 52 week high of $9.49.

Energy Services of America (NASDAQ:ESOAGet Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($0.07) EPS 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.

Insider Transactions at Energy Services of America

In other news, Director Mark Prince acquired 4,000 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was purchased at an average cost of $8.09 per share, with a total value of $32,360.00. Following the completion of the acquisition, the director now directly owns 69,071 shares in the company, valued at $558,784.39. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 44.68% of the company’s stock.

Hedge Funds Weigh In On Energy Services of America

Several institutional investors have recently modified their holdings of ESOA. M. Kulyk & Associates LLC acquired a new position in Energy Services of America during the 4th quarter valued at about $62,000. Quadrature Capital Ltd acquired a new position in shares of Energy Services of America during the first quarter worth approximately $106,000. CreativeOne Wealth LLC bought a new position in Energy Services of America in the 1st quarter worth approximately $109,000. Bailard Inc. acquired a new stake in Energy Services of America in the 4th quarter valued at approximately $112,000. Finally, Acadian Asset Management LLC bought a new stake in Energy Services of America during the 3rd quarter valued at $113,000. Institutional investors own 2.13% of the company’s stock.

Analysts Set New Price Targets

Separately, TheStreet upgraded shares of Energy Services of America from a “c” rating to a “b-” rating in a research report on Wednesday, February 14th.

Check Out Our Latest Stock Report on ESOA

About Energy Services of America

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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.

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