Short Interest in Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ) Rises By 492.9%

Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totaling 332 shares, a growth of 492.9% from the December 15th total of 56 shares. Based on an average trading volume of 4,517 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 4,517 shares, the days-to-cover ratio is presently 0.1 days.

Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 Price Performance

Shares of NASDAQ:METCZ traded up $0.06 on Wednesday, hitting $25.66. 7,678 shares of the company traded hands, compared to its average volume of 16,775. The stock has a 50 day simple moving average of $25.38 and a 200-day simple moving average of $25.39. Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 has a 52 week low of $23.18 and a 52 week high of $26.00.

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

The company also recently declared a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th were issued a dividend of $0.5234 per share. The ex-dividend date was Wednesday, October 15th. This represents a $2.09 dividend on an annualized basis and a dividend yield of 8.2%.

Ramaco Resources, Inc is a U.S.-based coal producer specializing in the extraction and sale of high‐grade metallurgical and steam coal. The company’s core operations are centered in southern West Virginia, where it operates the Elk Creek mining complex and the Alma metallurgical coal complex. These underground mines produce bituminous coal primarily used in steelmaking, as well as thermal coal for power generation. Ramaco also has development projects underway, including the planned Brook Mine and the acquisition of additional reserves aimed at supporting long‐term production growth.

Founded in 2013 by industry veteran Christopher Cline, Ramaco Resources went public in 2018 to fund its expansion into the metallurgical coal market.