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

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP - Get Free Report) saw a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 12,400 shares, an increase of 31.9% from the May 15th total of 9,400 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 13,100 shares, the days-to-cover ratio is presently 0.9 days.

Espey Mfg. & Electronics Stock Down 1.7 %

ESP stock traded down $0.42 during mid-day trading on Friday, hitting $23.86. The stock had a trading volume of 28,030 shares, compared to its average volume of 11,694. Espey Mfg. & Electronics has a 52 week low of $14.69 and a 52 week high of $27.32. The firm has a market cap of $65.14 million, a P/E ratio of 12.43 and a beta of 0.14.

Espey Mfg. & Electronics (NYSEAMERICAN:ESP - Get Free Report) last announced its quarterly earnings results on Monday, May 13th. The company reported $0.40 earnings per share (EPS) for the quarter. The company had revenue of $8.26 million for the quarter. Espey Mfg. & Electronics had a net margin of 13.58% and a return on equity of 12.83%.

Espey Mfg. & Electronics Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 17th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend is Monday, June 17th. Espey Mfg. & Electronics's dividend payout ratio (DPR) is presently 36.46%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Espey Mfg. & Electronics from a "strong-buy" rating to a "buy" rating in a research report on Sunday, May 19th.

Institutional Investors Weigh In On Espey Mfg. & Electronics

An institutional investor recently raised its position in Espey Mfg. & Electronics stock. Perritt Capital Management Inc. increased its holdings in shares of Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP - Free Report) by 66.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,500 shares of the company's stock after buying an additional 2,201 shares during the period. Perritt Capital Management Inc. owned about 0.20% of Espey Mfg. & Electronics worth $139,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 36.65% of the company's stock.

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.