Short Interest in Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) Rises By 72.4%

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP - Get Free Report) was the recipient of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 5,000 shares, an increase of 72.4% from the January 15th total of 2,900 shares. Approximately 0.2% of the company's shares are sold short. Based on an average daily volume of 22,600 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Espey Mfg. & Electronics

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Hillsdale Investment Management Inc. bought a new position in shares of Espey Mfg. & Electronics in the fourth quarter worth approximately $211,000. Secure Asset Management LLC purchased a new stake in shares of Espey Mfg. & Electronics during the third quarter worth about $219,000. Citadel Advisors LLC raised its position in shares of Espey Mfg. & Electronics by 10.0% during the fourth quarter. Citadel Advisors LLC now owns 8,299 shares of the company's stock valued at $250,000 after buying an additional 756 shares during the last quarter. American Century Companies Inc. purchased a new position in shares of Espey Mfg. & Electronics in the fourth quarter worth $258,000. Finally, EAM Investors LLC bought a new position in shares of Espey Mfg. & Electronics during the fourth quarter worth $462,000. 36.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Espey Mfg. & Electronics Stock Up 1.9 %

Shares of ESP traded up $0.53 during mid-day trading on Wednesday, hitting $28.49. 5,060 shares of the company traded hands, compared to its average volume of 13,023. The stock has a market capitalization of $79.76 million, a price-to-earnings ratio of 11.62 and a beta of 0.13. Espey Mfg. & Electronics has a 1 year low of $20.20 and a 1 year high of $33.00.

Espey Mfg. & Electronics Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 20th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, December 20th. This represents a $1.00 dividend on an annualized basis and a yield of 3.51%. Espey Mfg. & Electronics's dividend payout ratio is currently 40.82%.

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.