Ramaco Resources, Inc. (NASDAQ:METCB) Sees Large Growth in Short Interest

Ramaco Resources, Inc. (NASDAQ:METCB) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 215,208 shares, an increase of 268.2% from the June 15th total of 58,449 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 118,998 shares, the days-to-cover ratio is currently 1.8 days.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Ramaco Resources in a research note on Thursday, June 18th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Ramaco Resources presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Yorktown Energy Partners XI L.P. grew its stake in shares of Ramaco Resources by 1.4% during the fourth quarter. Yorktown Energy Partners XI L.P. now owns 1,252,527 shares of the company’s stock valued at $14,717,000 after buying an additional 17,768 shares during the last quarter. Yorktown Energy Partners IX L.P. lifted its stake in shares of Ramaco Resources by 1.4% in the 4th quarter. Yorktown Energy Partners IX L.P. now owns 1,235,359 shares of the company’s stock valued at $14,515,000 after purchasing an additional 17,040 shares during the period. Yorktown Energy Partners X L.P. increased its position in Ramaco Resources by 1.4% during the 4th quarter. Yorktown Energy Partners X L.P. now owns 827,876 shares of the company’s stock valued at $9,728,000 after buying an additional 11,744 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in Ramaco Resources by 52.7% in the 4th quarter. First Eagle Investment Management LLC now owns 467,126 shares of the company’s stock worth $5,489,000 after acquiring an additional 161,292 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Ramaco Resources by 40.0% during the third quarter. Vanguard Group Inc. now owns 327,496 shares of the company’s stock valued at $5,518,000 after purchasing an additional 93,635 shares during the period. Institutional investors own 9.63% of the company’s stock.

Ramaco Resources Stock Down 6.7%

Shares of METCB stock traded down $0.58 on Monday, hitting $8.02. The stock had a trading volume of 47,891 shares, compared to its average volume of 81,138. Ramaco Resources has a 12-month low of $7.61 and a 12-month high of $22.11. The business has a 50 day moving average of $9.98 and a 200 day moving average of $11.10. The company has a debt-to-equity ratio of 1.06, a current ratio of 4.88 and a quick ratio of 3.93. The stock has a market cap of $522.74 million, a price-to-earnings ratio of -7.29 and a beta of 1.11.

Ramaco Resources (NASDAQ:METCB) last issued its quarterly earnings results on Monday, May 11th. The company reported ($0.30) EPS for the quarter. The business had revenue of $121.61 million for the quarter. Ramaco Resources had a negative net margin of 11.52% and a negative return on equity of 13.44%.

Ramaco Resources Company Profile

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.