Short Interest in Energy Services of America Co. (NASDAQ:ESOA) Grows By 9.4%

Energy Services of America Co. (NASDAQ:ESOA) saw a large increase in short interest in 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 daily trading volume, of 154,500 shares, the days-to-cover ratio is currently 0.9 days. Currently, 1.3% of the shares of the stock are sold short.

Hedge Funds Weigh In On Energy Services of America

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

Energy Services of America Trading Up 2.4 %

Shares of ESOA stock opened at $7.27 on Thursday. The stock has a fifty day simple moving average of $7.04 and a two-hundred day simple moving average of $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 issued its earnings results on Wednesday, May 8th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.16). The company had revenue of $71.13 million during the quarter, compared to the consensus estimate of $73.40 million.

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.