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

Ramaco Resources, Inc. (NASDAQ:METCB) was the recipient of a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 85,579 shares, a decline of 12.8% from the January 15th total of 98,137 shares. Based on an average daily volume of 56,668 shares, the short-interest ratio is currently 1.5 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 56,668 shares, the short-interest ratio is currently 1.5 days.

Ramaco Resources Trading Up 3.1%

METCB stock opened at $13.40 on Tuesday. Ramaco Resources has a 52 week low of $6.01 and a 52 week high of $22.11. The company has a market capitalization of $884.40 million, a PE ratio of -19.71 and a beta of 0.96. The company’s 50-day simple moving average is $12.42 and its 200 day simple moving average is $14.25. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.24 and a current ratio of 2.97.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in METCB. Acuitas Investments LLC lifted its position in shares of Ramaco Resources by 20.4% during the 2nd quarter. Acuitas Investments LLC now owns 180,458 shares of the company’s stock valued at $1,476,000 after acquiring an additional 30,558 shares during the period. FNY Investment Advisers LLC acquired a new position in Ramaco Resources in the second quarter valued at about $153,000. Y Intercept Hong Kong Ltd bought a new stake in Ramaco Resources during the second quarter worth about $152,000. Samalin Investment Counsel LLC bought a new stake in Ramaco Resources during the third quarter worth about $972,000. Finally, First Eagle Investment Management LLC grew its stake in Ramaco Resources by 52.7% during the fourth quarter. First Eagle Investment Management LLC now owns 467,126 shares of the company’s stock worth $5,489,000 after buying an additional 161,292 shares in the last quarter. 9.63% of the stock is owned by institutional investors.

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.