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


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Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) saw a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 1,600 shares, a decrease of 33.3% from the March 15th total of 2,400 shares. Based on an average daily volume of 11,800 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

A hedge fund recently bought a new stake in Espey Mfg. & Electronics stock. Safeguard Investment Advisory Group LLC acquired a new stake in shares of Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,500 shares of the company’s stock, valued at approximately $28,000. Safeguard Investment Advisory Group LLC owned 0.06% of Espey Mfg. & Electronics as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 15.75% of the company’s stock.

Shares of Espey Mfg. & Electronics stock traded down $0.21 during mid-day trading on Friday, reaching $15.83. 2,744 shares of the stock traded hands, compared to its average volume of 11,045. Espey Mfg. & Electronics has a fifty-two week low of $14.49 and a fifty-two week high of $23.00. The stock has a market capitalization of $42.79 million, a PE ratio of 29.31 and a beta of 0.21. The company has a 50-day moving average price of $19.87.

Espey Mfg. & Electronics (NYSEAMERICAN:ESP) last posted its quarterly earnings results on Tuesday, February 16th. The company reported ($0.08) earnings per share for the quarter. The business had revenue of $6.96 million for the quarter. Espey Mfg. & Electronics had a return on equity of 4.11% and a net margin of 3.87%.

About Espey Mfg. & Electronics

Espey Mfg. & Electronics Corp., a power electronics design and original equipment manufacturing company, designs, manufactures, and tests electronic equipment primarily for use in military and industrial applications in the United States and internationally. Its principal products include power supplies, power converters, filters, power transformers, magnetic components, power distribution equipment, UPS systems, antennas, and high power radar systems for use in AC and DC locomotives, shipboard power, shipboard radar, airborne power, ground-based radar, and ground mobile power applications.

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