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

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP - Get Free Report) saw a significant increase in short interest in August. As of August 15th, there was short interest totalling 8,900 shares, an increase of 64.8% from the July 31st total of 5,400 shares. Based on an average daily trading volume, of 6,500 shares, the short-interest ratio is presently 1.4 days. Approximately 0.5% of the shares of the stock are short sold.

Hedge Funds Weigh In On Espey Mfg. & Electronics

A number of hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC increased its stake 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 buying an additional 4,000 shares during the period. Dimensional Fund Advisors LP increased its stake in Espey Mfg. & Electronics by 1.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 86,612 shares of the company's stock worth $1,841,000 after buying an additional 1,591 shares during the period. Ellsworth Advisors LLC purchased a new stake in Espey Mfg. & Electronics during the 2nd quarter worth $476,000. Adirondack Trust Co. increased its stake in Espey Mfg. & Electronics by 7.2% during the 1st quarter. Adirondack Trust Co. now owns 6,373 shares of the company's stock worth $161,000 after buying an additional 426 shares during the period. Finally, Perritt Capital Management Inc. grew its holdings in Espey Mfg. & Electronics by 66.7% during the 1st quarter. Perritt Capital Management Inc. now owns 5,500 shares of the company's stock worth $139,000 after acquiring an additional 2,201 shares in the last quarter. Hedge funds and other institutional investors own 36.65% of the company's stock.

Espey Mfg. & Electronics Stock Up 0.4 %

NYSEAMERICAN:ESP traded up $0.10 during trading hours on Thursday, reaching $23.02. 1,454 shares of the company were exchanged, compared to its average volume of 10,911. The company has a market cap of $62.84 million, a P/E ratio of 11.93 and a beta of 0.14. Espey Mfg. & Electronics has a 52-week low of $14.69 and a 52-week high of $27.32.

Espey Mfg. & Electronics Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Monday, June 17th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date of this dividend was Monday, June 17th. Espey Mfg. & Electronics's dividend payout ratio is presently 41.67%.

Wall Street Analyst Weigh In

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.

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.