Ramaco Resources, Inc. (NASDAQ:METCB) Short Interest Down 12.8% in January

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

Ramaco Resources Stock Performance

Shares of METCB stock opened at $12.86 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.97 and a quick ratio of 2.24. The company’s fifty day moving average price is $12.45 and its two-hundred day moving average price is $14.24. The firm has a market capitalization of $848.76 million, a P/E ratio of -18.91 and a beta of 0.96. Ramaco Resources has a 12 month low of $6.01 and a 12 month high of $22.11.

Institutional Trading of Ramaco Resources

Hedge funds have recently made changes to their positions in the stock. FNY Investment Advisers LLC bought a new stake in shares of Ramaco Resources in the second quarter worth $153,000. Acuitas Investments LLC grew its holdings in Ramaco Resources by 20.4% during the 2nd quarter. Acuitas Investments LLC now owns 180,458 shares of the company’s stock worth $1,476,000 after acquiring an additional 30,558 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Ramaco Resources in the 2nd quarter worth about $152,000. American Century Companies Inc. raised its stake in shares of Ramaco Resources by 12.7% in the 2nd quarter. American Century Companies Inc. now owns 221,581 shares of the company’s stock valued at $1,813,000 after purchasing an additional 24,924 shares in the last quarter. Finally, XTX Topco Ltd lifted its position in shares of Ramaco Resources by 49.2% during the second quarter. XTX Topco Ltd now owns 20,398 shares of the company’s stock worth $167,000 after purchasing an additional 6,727 shares during the last quarter. Institutional investors and hedge funds own 9.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Ramaco Resources in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Ramaco Resources currently has an average rating of “Sell”.

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.