Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) Short Interest Down 34.7% in October

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 3,200 shares, a decrease of 34.7% from the September 30th total of 4,900 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 31,200 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 31,200 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the company’s stock are sold short.

Espey Mfg. & Electronics Price Performance

NYSEAMERICAN ESP traded up $1.89 on Monday, reaching $39.40. The company had a trading volume of 25,304 shares, compared to its average volume of 23,709. Espey Mfg. & Electronics has a 1 year low of $24.85 and a 1 year high of $55.00. The firm has a market capitalization of $115.44 million, a PE ratio of 13.13 and a beta of 0.17. The firm has a 50-day moving average of $42.24 and a 200-day moving average of $41.50.

Espey Mfg. & Electronics Announces Dividend

The business also recently declared a special dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 19th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, September 19th. This represents a dividend yield of 217.0%. Espey Mfg. & Electronics’s dividend payout ratio (DPR) is presently 40.82%.

Institutional Trading of Espey Mfg. & Electronics

An institutional investor recently raised its position in Espey Mfg. & Electronics stock. De Lisle Partners LLP lifted its stake in shares of Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) by 11.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,023 shares of the company’s stock after buying an additional 5,000 shares during the quarter. De Lisle Partners LLP owned approximately 1.79% of Espey Mfg. & Electronics worth $1,351,000 as of its most recent filing with the Securities and Exchange Commission. 36.65% of the stock is currently owned by hedge funds and other institutional investors.

Espey Mfg. & Electronics Company Profile

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.