Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) Short Interest Up 35.3% in January

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP - Get Free Report) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 4,600 shares, a growth of 35.3% from the December 31st total of 3,400 shares. Based on an average daily trading volume, of 25,200 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company's shares are sold short.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Espey Mfg. & Electronics from a "buy" rating to a "strong-buy" rating in a research note on Thursday, November 21st.

Espey Mfg. & Electronics Stock Performance

NYSEAMERICAN:ESP traded up $0.40 on Monday, hitting $28.87. The stock had a trading volume of 8,001 shares, compared to its average volume of 9,715. Espey Mfg. & Electronics has a 1 year low of $20.20 and a 1 year high of $33.00. The firm has a market cap of $80.53 million, a price-to-earnings ratio of 11.73 and a beta of 0.13.

Espey Mfg. & Electronics Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 20th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.46%. Espey Mfg. & Electronics's dividend payout ratio (DPR) is presently 40.65%.

Institutional Trading of Espey Mfg. & Electronics

Hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in Espey Mfg. & Electronics by 55.3% in the 3rd quarter. Geode Capital Management LLC now owns 23,907 shares of the company's stock worth $719,000 after buying an additional 8,511 shares during the period. Flagship Harbor Advisors LLC bought a new position in shares of Espey Mfg. & Electronics in the fourth quarter worth $500,000. Dimensional Fund Advisors LP grew its position in shares of Espey Mfg. & Electronics by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 86,612 shares of the company's stock valued at $1,841,000 after purchasing an additional 1,591 shares in the last quarter. Secure Asset Management LLC bought a new stake in shares of Espey Mfg. & Electronics during the 3rd quarter valued at $219,000. Finally, Renaissance Technologies LLC lifted its holdings in Espey Mfg. & Electronics by 3.7% during the 2nd quarter. Renaissance Technologies LLC now owns 111,512 shares of the company's stock worth $2,370,000 after purchasing an additional 4,000 shares in the last quarter. 36.65% of the stock is currently owned by institutional investors.

Espey Mfg. & Electronics Company Profile

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. The company's 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.