Ramaco Resources, Inc. (NASDAQ:METCB) Short Interest Update

by · The Cerbat Gem

Ramaco Resources, Inc. (NASDAQ:METCB – Get Free Report) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totalling 42,600 shares, a decline of 17.6% from the August 31st total of 51,700 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average daily volume of 25,300 shares, the days-to-cover ratio is currently 1.7 days.

Ramaco Resources Trading Up 0.9 %

Shares of METCB traded up $0.09 during mid-day trading on Monday, reaching $10.63. 116 shares of the company’s stock were exchanged, compared to its average volume of 25,816. Ramaco Resources has a 52-week low of $9.42 and a 52-week high of $17.90. The company has a 50-day simple moving average of $10.77 and a two-hundred day simple moving average of $11.15.

Ramaco Resources (NASDAQ:METCB – Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.08 EPS for the quarter. The company had revenue of $155.32 million for the quarter.

Ramaco Resources Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a $0.2246 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.90 annualized dividend and a yield of 8.45%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of METCB. Corsair Capital Management L.P. grew its position in Ramaco Resources by 11.7% during the fourth quarter. Corsair Capital Management L.P. now owns 79,573 shares of the company’s stock valued at $1,059,000 after acquiring an additional 8,328 shares during the period. Renaissance Technologies LLC increased its position in Ramaco Resources by 17.3% during the 2nd quarter. Renaissance Technologies LLC now owns 65,900 shares of the company’s stock worth $716,000 after purchasing an additional 9,696 shares in the last quarter. American Century Companies Inc. raised its holdings in Ramaco Resources by 10.3% in the second quarter. American Century Companies Inc. now owns 129,040 shares of the company’s stock valued at $1,401,000 after buying an additional 11,997 shares during the period. Finally, Global Trust Asset Management LLC lifted its position in Ramaco Resources by 1,237.6% during the first quarter. Global Trust Asset Management LLC now owns 14,647 shares of the company’s stock valued at $184,000 after buying an additional 13,552 shares in the last quarter. Institutional investors and hedge funds own 9.63% of the company’s stock.

Ramaco Resources Company Profile

(Get Free Report)

Ramaco Resources, Inc engages in the development, operation, and sale of metallurgical coal. Its development portfolio includes the Elk Creek project that covers an area of approximately 20,200 acres located in southern West Virginia; the Berwind property covering an area of approximately 62,500 acres situated on the border of West Virginia and Virginia; the Knox Creek property, which covers an area of approximately 64,050 acres is located in Virginia; the Maben property covering an area of approximately 28,000 acres situated in southwestern Pennsylvania southern West Virginia; and the Brook Mine property that covers an area of approximately 16,000 acres located in northeastern Wyoming.

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