Ramaco Resources, Inc. (NASDAQ:METCB) Short Interest Down 31.3% in March

Ramaco Resources, Inc. (NASDAQ:METCB) saw a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 44,164 shares, a decline of 31.3% from the February 26th total of 64,276 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 34,570 shares, the short-interest ratio is presently 1.3 days.

Institutional Trading of Ramaco Resources

A number of large investors have recently made changes to their positions in METCB. MCF Advisors LLC purchased a new position in shares of Ramaco Resources during the third quarter valued at approximately $27,000. Bank of America Corp DE raised its holdings in shares of Ramaco Resources by 574.4% in the third quarter. Bank of America Corp DE now owns 3,190 shares of the company’s stock worth $54,000 after buying an additional 2,717 shares during the period. Byrne Asset Management LLC bought a new stake in shares of Ramaco Resources during the 3rd quarter worth approximately $172,000. Franklin Resources Inc. purchased a new position in Ramaco Resources during the 3rd quarter valued at $177,000. Finally, XTX Topco Ltd purchased a new position in Ramaco Resources during the 4th quarter valued at $129,000. 9.63% of the stock is currently owned by institutional investors.

Ramaco Resources Trading Up 0.9%

Shares of METCB traded up $0.10 during mid-day trading on Friday, hitting $10.75. 51,490 shares of the stock were exchanged, compared to its average volume of 38,263. The company has a quick ratio of 4.66, a current ratio of 5.46 and a debt-to-equity ratio of 0.95. Ramaco Resources has a 52-week low of $6.01 and a 52-week high of $22.11. The firm has a 50-day moving average of $12.42 and a two-hundred day moving average of $13.56.

Ramaco Resources (NASDAQ:METCB) last posted its earnings results on Wednesday, February 25th. The company reported ($0.26) earnings per share for the quarter. Ramaco Resources had a negative net margin of 9.59% and a negative return on equity of 11.36%. The business had revenue of $128.01 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Ramaco Resources in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Ramaco Resources Company Profile

Ramaco Resources (NASDAQ:METCB) is a U.S.-based coal company focused on the exploration, development and production of metallurgical and thermal coal. The company’s operations encompass both surface and underground mining in the central Appalachian Basin, where it seeks to capitalize on the region’s high-quality, low-ash coal reserves. Ramaco’s product portfolio includes metallurgical coking coal used in steelmaking, as well as steam coal for power generation, with an emphasis on meeting the exacting specifications of industrial customers.

Founded in 2014 and headquartered in Houston, Texas, Ramaco Resources has assembled a strategic acreage position in southern West Virginia and southwestern Pennsylvania.