Short Interest in Ramaco Resources, Inc. (NASDAQ:METCB) Decreases By 27.6%

Ramaco Resources, Inc. (NASDAQ:METCB) was the target of a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 61,930 shares, a drop of 27.6% from the January 29th total of 85,579 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 47,126 shares, the short-interest ratio is presently 1.3 days. Based on an average daily trading volume, of 47,126 shares, the short-interest ratio is presently 1.3 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Investors Weigh In On Ramaco Resources

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MCF Advisors LLC acquired a new position in Ramaco Resources during the 3rd quarter worth $27,000. Bank of America Corp DE lifted its position in shares of Ramaco Resources by 574.4% during the 3rd quarter. Bank of America Corp DE now owns 3,190 shares of the company’s stock worth $54,000 after purchasing an additional 2,717 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Ramaco Resources during the 4th quarter worth about $129,000. Lunt Capital Management Inc. bought a new stake in Ramaco Resources during the 4th quarter valued at approximately $148,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in Ramaco Resources during the 2nd quarter valued at approximately $152,000. 9.63% of the stock is currently owned by institutional investors and hedge funds.

Ramaco Resources Stock Down 4.3%

METCB traded down $0.52 during trading on Tuesday, reaching $11.45. 45,476 shares of the stock traded hands, compared to its average volume of 46,285. The stock’s 50-day simple moving average is $12.73 and its two-hundred day simple moving average is $14.13. The company has a debt-to-equity ratio of 0.95, a current ratio of 5.46 and a quick ratio of 4.66. Ramaco Resources has a fifty-two week low of $6.01 and a fifty-two week high of $22.11. The stock has a market cap of $755.70 million, a price-to-earnings ratio of -11.45 and a beta of 1.03.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Ramaco Resources in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Ramaco Resources presently has a consensus rating of “Sell”.

About Ramaco Resources

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.