Ramaco Resources, Inc. (NASDAQ:METCB) Short Interest Up 74.1% in December

Ramaco Resources, Inc. (NASDAQ:METCB) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 103,606 shares, a growth of 74.1% from the December 15th total of 59,507 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 105,059 shares, the short-interest ratio is presently 1.0 days. Based on an average daily volume of 105,059 shares, the short-interest ratio is presently 1.0 days. Approximately 0.2% of the company’s shares are short sold.

Wall Street Analyst Weigh In

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

Institutional Trading of Ramaco Resources

Several institutional investors and hedge funds have recently modified their holdings of METCB. Wedge Capital Management L L P NC boosted its position in Ramaco Resources by 11.0% during the second quarter. Wedge Capital Management L L P NC now owns 177,367 shares of the company’s stock worth $1,451,000 after acquiring an additional 17,578 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Ramaco Resources during the second quarter valued at approximately $153,000. Acuitas Investments LLC boosted its position in Ramaco Resources by 20.4% in the 2nd quarter. Acuitas Investments LLC now owns 180,458 shares of the company’s stock valued at $1,476,000 after buying an additional 30,558 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Ramaco Resources during the 2nd quarter worth approximately $152,000. Finally, American Century Companies Inc. grew its holdings in Ramaco Resources by 12.7% during the 2nd quarter. American Century Companies Inc. now owns 221,581 shares of the company’s stock worth $1,813,000 after acquiring an additional 24,924 shares in the last quarter. Hedge funds and other institutional investors own 9.63% of the company’s stock.

Ramaco Resources Trading Down 5.1%

Shares of METCB traded down $0.68 during trading on Friday, reaching $12.62. 41,103 shares of the company traded hands, compared to its average volume of 57,601. The stock has a 50-day simple moving average of $12.37 and a 200-day simple moving average of $13.98. Ramaco Resources has a twelve month low of $6.01 and a twelve month high of $22.11. The stock has a market cap of $832.92 million, a PE ratio of -18.56 and a beta of 0.97. The company has a quick ratio of 2.24, a current ratio of 2.97 and a debt-to-equity ratio of 0.24.

Ramaco Resources (NASDAQ:METCB) last announced its quarterly earnings data on Monday, October 27th. The company reported ($0.25) EPS for the quarter. Ramaco Resources had a negative return on equity of 7.52% and a negative net margin of 5.67%.The company had revenue of $121.00 million for the quarter.

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.