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

Ramaco Resources, Inc. (NASDAQ:METCB) was the target of a significant growth in short interest in 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. Based on an average daily trading volume, of 105,059 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 105,059 shares, the days-to-cover ratio is currently 1.0 days.

Ramaco Resources Stock Performance

NASDAQ METCB traded down $0.32 during trading on Thursday, reaching $13.30. The company’s stock had a trading volume of 67,298 shares, compared to its average volume of 40,820. The business’s fifty day moving average price is $12.47 and its 200-day moving average price is $13.95. Ramaco Resources has a twelve month low of $6.01 and a twelve month high of $22.11. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.24 and a current ratio of 2.97. The firm has a market cap of $877.84 million, a price-to-earnings ratio of -19.56 and a beta of 0.97.

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

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Ramaco Resources

Several hedge funds have recently modified their holdings of METCB. Acuitas Investments LLC raised its position in Ramaco Resources by 20.4% during the 2nd quarter. Acuitas Investments LLC now owns 180,458 shares of the company’s stock worth $1,476,000 after buying an additional 30,558 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Ramaco Resources during the second quarter worth about $153,000. Wedge Capital Management L L P NC lifted its holdings in shares of Ramaco Resources by 11.0% in the 2nd quarter. Wedge Capital Management L L P NC now owns 177,367 shares of the company’s stock valued at $1,451,000 after buying an additional 17,578 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of Ramaco Resources in the second quarter valued at approximately $152,000. Finally, Bank of America Corp DE grew its stake 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 period. 9.63% of the stock is owned by institutional investors and hedge funds.

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.