Ramaco Resources, Inc. (NASDAQ:METCB) Sees Significant Increase in Short Interest

Ramaco Resources, Inc. (NASDAQ:METCB) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 69,900 shares, an increase of 37.1% from the December 31st total of 51,000 shares. Currently, 1.4% of the company’s shares are short sold. Based on an average daily volume of 35,800 shares, the days-to-cover ratio is currently 2.0 days.

Ramaco Resources Trading Down 1.6 %

Shares of NASDAQ:METCB traded down $0.14 during trading on Friday, reaching $8.81. The stock had a trading volume of 20,703 shares, compared to its average volume of 24,645. The firm’s fifty day moving average is $9.71 and its 200 day moving average is $10.37. Ramaco Resources has a 52 week low of $8.74 and a 52 week high of $12.98.

Ramaco Resources (NASDAQ:METCB) last posted its quarterly earnings data on Monday, November 4th. The company reported ($0.03) EPS for the quarter. The firm had revenue of $167.41 million for the quarter.

Ramaco Resources Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.2364 per share. This represents a $0.95 dividend on an annualized basis and a dividend yield of 10.73%. The ex-dividend date of this dividend was Monday, December 2nd. This is an increase from Ramaco Resources’s previous quarterly dividend of $0.22.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Capricorn Fund Managers Ltd lifted its position in shares of Ramaco Resources by 4.4% during the 4th quarter. Capricorn Fund Managers Ltd now owns 32,438 shares of the company’s stock valued at $322,000 after acquiring an additional 1,359 shares during the period. Barclays PLC raised its holdings in Ramaco Resources by 321.3% during the third quarter. Barclays PLC now owns 7,184 shares of the company’s stock worth $77,000 after buying an additional 5,479 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Ramaco Resources by 191.9% during the third quarter. JPMorgan Chase & Co. now owns 9,284 shares of the company’s stock worth $100,000 after buying an additional 6,103 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Ramaco Resources by 17.3% during the second quarter. Renaissance Technologies LLC now owns 65,900 shares of the company’s stock worth $716,000 after buying an additional 9,696 shares during the last quarter. Finally, Wedge Capital Management L L P NC raised its holdings in Ramaco Resources by 395.3% during the fourth quarter. Wedge Capital Management L L P NC now owns 205,270 shares of the company’s stock worth $2,028,000 after buying an additional 163,828 shares during the last quarter. Institutional investors and hedge funds own 9.63% of the company’s stock.

Ramaco Resources Company Profile

Ramaco Resources, Inc engages in the development, operation, and sale of metallurgical coal. Its development portfolio includes the Elk Creek project that covers an area of approximately 20,200 acres located in southern West Virginia; the Berwind property covering an area of approximately 62,500 acres situated on the border of West Virginia and Virginia; the Knox Creek property, which covers an area of approximately 64,050 acres is located in Virginia; the Maben property covering an area of approximately 28,000 acres situated in southwestern Pennsylvania southern West Virginia; and the Brook Mine property that covers an area of approximately 16,000 acres located in northeastern Wyoming.