Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) Short Interest Update

Key Points

• Espey Mfg. & Electronics Corp. experienced a significant increase in short interest of 31.3% in August, reaching a total of 21,400 shares shorted.
• As of Tuesday, the stock price for Espey Mfg. & Electronics is down 1.2%, trading at $47.39 with a daily volume of 4,186 shares.
• Institutional investors own 36.65% of the company’s stock, with notable increases in holdings from firms like Copeland Capital Management and Citadel Advisors.

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP - Get Free Report) was the recipient of a significant increase in short interest in the month of August. As of August 15th, there was short interest totaling 21,400 shares, an increase of 31.3% from the July 31st total of 16,300 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily trading volume, of 30,400 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily trading volume, of 30,400 shares, the days-to-cover ratio is currently 0.7 days. Approximately 1.0% of the shares of the company are short sold.

Espey Mfg. & Electronics Stock Performance

Shares of ESP traded up $2.73 during mid-day trading on Friday, hitting $52.54. The stock had a trading volume of 41,145 shares, compared to its average volume of 21,886. The company has a market capitalization of $148.69 million, a price-to-earnings ratio of 19.60 and a beta of 0.16. The stock's fifty day moving average price is $47.49. Espey Mfg. & Electronics has a 52 week low of $22.50 and a 52 week high of $52.68.

Espey Mfg. & Electronics Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 19th will be paid a dividend of $0.75 per share. This represents a dividend yield of 204.0%. The ex-dividend date is Friday, September 19th. Espey Mfg. & Electronics's payout ratio is presently 40.82%.

Institutional Trading of Espey Mfg. & Electronics

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. De Lisle Partners LLP raised its stake in shares of Espey Mfg. & Electronics by 11.1% during the 1st quarter. De Lisle Partners LLP now owns 50,023 shares of the company's stock valued at $1,351,000 after purchasing an additional 5,000 shares during the period. Copeland Capital Management LLC bought a new stake in shares of Espey Mfg. & Electronics during the 1st quarter valued at $56,000. Secure Asset Management LLC raised its stake in shares of Espey Mfg. & Electronics by 37.9% during the 1st quarter. Secure Asset Management LLC now owns 9,195 shares of the company's stock valued at $249,000 after purchasing an additional 2,528 shares during the period. Citadel Advisors LLC raised its stake in shares of Espey Mfg. & Electronics by 10.0% during the 4th quarter. Citadel Advisors LLC now owns 8,299 shares of the company's stock valued at $250,000 after purchasing an additional 756 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Espey Mfg. & Electronics by 13.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 101,063 shares of the company's stock valued at $3,047,000 after purchasing an additional 11,743 shares during the period. 36.65% of the stock is currently owned by institutional investors.

About Espey Mfg. & Electronics

Espey Manufacturing & Electronics Corp. is a power electronics design and original equipment manufacturing company, which engages in developing and delivering products for use in military and severe environment applications. Its products include power supplies, converters, transformers, filters, magnetic components, power distribution equipment, uninterruptible power supply (UPS) systems, and antennas.