Ramaco Resources, Inc. (NASDAQ:METCB) Short Interest Update

Ramaco Resources, Inc. (NASDAQ:METCB) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 69,900 shares, an increase of 37.1% from the December 31st total of 51,000 shares. Based on an average trading volume of 35,800 shares, the short-interest ratio is currently 2.0 days. Currently, 1.4% of the company’s shares are sold short.

Ramaco Resources Trading Down 1.6 %

Shares of METCB opened at $8.81 on Friday. The stock has a 50 day simple moving average of $9.71 and a 200 day simple moving average of $10.37. Ramaco Resources has a 52-week low of $8.74 and a 52-week high of $12.98.

Ramaco Resources (NASDAQ:METCB) last released its quarterly earnings results on Monday, November 4th. The company reported ($0.03) earnings per share for the quarter. The firm had revenue of $167.41 million for the quarter.

Ramaco Resources Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a $0.2364 dividend. This represents a $0.95 dividend on an annualized basis and a dividend yield of 10.73%. This is a positive change from Ramaco Resources’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Monday, December 2nd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of METCB. Wedge Capital Management L L P NC grew its position in Ramaco Resources by 395.3% in the fourth quarter. Wedge Capital Management L L P NC now owns 205,270 shares of the company’s stock valued at $2,028,000 after purchasing an additional 163,828 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Ramaco Resources by 17.3% during the 2nd quarter. Renaissance Technologies LLC now owns 65,900 shares of the company’s stock worth $716,000 after buying an additional 9,696 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Ramaco Resources by 191.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,284 shares of the company’s stock valued at $100,000 after acquiring an additional 6,103 shares in the last quarter. Barclays PLC increased its position in shares of Ramaco Resources by 321.3% in the third quarter. Barclays PLC now owns 7,184 shares of the company’s stock valued at $77,000 after acquiring an additional 5,479 shares during the last quarter. Finally, Capricorn Fund Managers Ltd raised its holdings in Ramaco Resources by 4.4% during the fourth quarter. Capricorn Fund Managers Ltd now owns 32,438 shares of the company’s stock worth $322,000 after acquiring an additional 1,359 shares in the last quarter. 9.63% of the stock is owned by institutional investors and hedge funds.

Ramaco Resources Company Profile

Ramaco Resources, Inc engages in the development, operation, and sale of metallurgical coal. Its development portfolio includes the Elk Creek project that covers an area of approximately 20,200 acres located in southern West Virginia; the Berwind property covering an area of approximately 62,500 acres situated on the border of West Virginia and Virginia; the Knox Creek property, which covers an area of approximately 64,050 acres is located in Virginia; the Maben property covering an area of approximately 28,000 acres situated in southwestern Pennsylvania southern West Virginia; and the Brook Mine property that covers an area of approximately 16,000 acres located in northeastern Wyoming.