Short Interest in Ramaco Resources, Inc. (NASDAQ:METCB) Expands By 268.2%

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

Institutional Investors Weigh In On Ramaco Resources

A number of large investors have recently modified their holdings of the stock. J. Derek Lewis & Associates Inc. raised its holdings in shares of Ramaco Resources by 46.0% during the 1st quarter. J. Derek Lewis & Associates Inc. now owns 33,990 shares of the company’s stock valued at $347,000 after buying an additional 10,703 shares during the period. South Dakota Investment Council boosted its holdings in Ramaco Resources by 1.4% in the 1st quarter. South Dakota Investment Council now owns 87,933 shares of the company’s stock worth $897,000 after acquiring an additional 1,237 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Ramaco Resources by 8.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 66,814 shares of the company’s stock worth $681,000 after acquiring an additional 5,408 shares during the period. Fifth Third Bancorp grew its position in Ramaco Resources by 11,116.7% in the first quarter. Fifth Third Bancorp now owns 15,479 shares of the company’s stock valued at $158,000 after acquiring an additional 15,341 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in Ramaco Resources in the fourth quarter valued at approximately $129,000. Institutional investors and hedge funds own 9.63% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Ramaco Resources in a report on Thursday, June 18th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Ramaco Resources Stock Down 3.7%

Shares of NASDAQ:METCB traded down $0.30 during midday trading on Tuesday, hitting $7.72. 51,108 shares of the company’s stock traded hands, compared to its average volume of 44,040. The firm’s fifty day moving average price is $9.98 and its two-hundred day moving average price is $11.10. The company has a debt-to-equity ratio of 1.06, a quick ratio of 3.93 and a current ratio of 4.88. Ramaco Resources has a twelve month low of $7.61 and a twelve month high of $22.11. The company has a market cap of $503.19 million, a PE ratio of -7.02 and a beta of 1.11.

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

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.