Short Interest in Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) Rises By 23.6%

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totaling 8,548 shares, an increase of 23.6% from the November 30th total of 6,917 shares. Based on an average daily trading volume, of 18,460 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.3% of the shares of the stock are short sold. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 18,460 shares, the days-to-cover ratio is presently 0.5 days.

Espey Mfg. & Electronics Stock Performance

NYSEAMERICAN:ESP traded up $0.32 during trading hours on Wednesday, hitting $47.27. The company’s stock had a trading volume of 3,358 shares, compared to its average volume of 22,175. Espey Mfg. & Electronics has a 52-week low of $24.85 and a 52-week high of $55.00. The business’s 50-day moving average is $40.51 and its two-hundred day moving average is $43.27. The company has a market capitalization of $138.97 million, a PE ratio of 14.95 and a beta of 0.18.

Espey Mfg. & Electronics (NYSEAMERICAN:ESP) last released its quarterly earnings data on Tuesday, September 16th. The company reported $1.07 EPS for the quarter. Espey Mfg. & Electronics had a net margin of 20.46% and a return on equity of 18.06%. The firm had revenue of $9.60 million for the quarter.

Espey Mfg. & Electronics Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Friday, December 19th were given a $0.25 dividend. The ex-dividend date was Friday, December 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.1%. Espey Mfg. & Electronics’s dividend payout ratio (DPR) is currently 40.82%.

Espey Mfg. & Electronics Company Profile

Espey Manufacturing & Electronics Corp., founded in 1961 and headquartered in Lowell, Massachusetts, specializes in the design, development and manufacture of precision electronic components and sensor systems. The company’s core product offerings include magnetostrictive transducers, torque and position sensors, wideband RF and microwave amplifiers, as well as high-reliability printed circuit boards and molded bus assemblies. These solutions are engineered to withstand harsh operating environments and meet stringent performance requirements.

Espey’s sensor technologies are employed in applications ranging from industrial automation and energy production to commercial and military aerospace platforms.