Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ) Shares Shorted: Short Interest Down 81.5% in September

Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 965 shares, a decline of 81.5% from the September 15th total of 5,211 shares. Based on an average trading volume of 3,744 shares, the days-to-cover ratio is presently 0.3 days.

Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 Trading Down 0.2%

NASDAQ METCZ traded down $0.04 on Monday, hitting $25.11. The company’s stock had a trading volume of 1,815 shares, compared to its average volume of 5,408. Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 has a 1-year low of $24.83 and a 1-year high of $26.00. The company’s 50-day moving average is $25.35 and its 200 day moving average is $25.31.

Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be paid a $0.5234 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $2.09 annualized dividend and a dividend yield of 8.3%.

Ramaco Resources, Inc is a U.S.-based producer and developer of metallurgical coal, which is primarily used in steelmaking. The company operates and develops mining assets in the Central Appalachian region and the Powder River Basin, supplying customers in domestic and international steel markets.

Its portfolio includes the Elk Creek complex in southern West Virginia, the Berwind mining complex in southern West Virginia and southwestern Virginia, and the Brook Mine in Sheridan, Wyoming.