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

Ramaco Resources, Inc. (NASDAQ:METCB) was the target of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 44,164 shares, a drop of 31.3% from the February 26th total of 64,276 shares. Based on an average daily volume of 34,570 shares, the short-interest ratio is presently 1.3 days. Currently, 0.1% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Ramaco Resources

Several hedge funds have recently made changes to their positions in METCB. First Eagle Investment Management LLC bought a new stake in Ramaco Resources during the 3rd quarter valued at $5,153,000. Yorktown Energy Partners XI L.P. raised its position in shares of Ramaco Resources by 20.6% in the 2nd quarter. Yorktown Energy Partners XI L.P. now owns 1,220,133 shares of the company’s stock worth $9,981,000 after acquiring an additional 208,397 shares in the last quarter. Yorktown Energy Partners IX L.P. raised its position in shares of Ramaco Resources by 18.5% in the 2nd quarter. Yorktown Energy Partners IX L.P. now owns 1,204,053 shares of the company’s stock worth $9,849,000 after acquiring an additional 188,278 shares in the last quarter. Simcoe Capital LLC purchased a new stake in shares of Ramaco Resources during the 4th quarter worth $1,892,000. Finally, Yorktown Energy Partners X L.P. boosted its position in Ramaco Resources by 20.6% during the second quarter. Yorktown Energy Partners X L.P. now owns 806,465 shares of the company’s stock valued at $6,597,000 after purchasing an additional 137,742 shares in the last quarter. 9.63% of the stock is currently owned by hedge funds and other institutional investors.

Ramaco Resources Trading Up 0.9%

Shares of NASDAQ:METCB traded up $0.10 during trading on Friday, reaching $10.75. 51,490 shares of the company were exchanged, compared to its average volume of 38,263. The business’s fifty day simple moving average is $12.42 and its 200-day simple moving average is $13.56. The company has a debt-to-equity ratio of 0.95, a quick ratio of 4.66 and a current ratio of 5.46. Ramaco Resources has a 12-month low of $6.01 and a 12-month high of $22.11.

Ramaco Resources (NASDAQ:METCB) last announced its quarterly earnings results on Wednesday, February 25th. The company reported ($0.26) earnings per share (EPS) for the quarter. Ramaco Resources had a negative net margin of 9.59% and a negative return on equity of 11.36%. The firm had revenue of $128.01 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.