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

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

Ramaco Resources Stock Performance

METCB stock traded up $0.04 during mid-day trading on Friday, hitting $9.11. 26,599 shares of the company were exchanged, compared to its average volume of 50,594. The firm’s 50 day simple moving average is $9.99 and its 200 day simple moving average is $10.49. Ramaco Resources has a 1-year low of $8.83 and a 1-year high of $13.33.

Ramaco Resources Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a $0.2364 dividend. This is an increase from Ramaco Resources’s previous quarterly dividend of $0.22. The ex-dividend date was Monday, December 2nd. This represents a $0.95 annualized dividend and a dividend yield of 10.38%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Barclays PLC raised its holdings in shares of Ramaco Resources by 321.3% in the 3rd quarter. Barclays PLC now owns 7,184 shares of the company’s stock valued at $77,000 after purchasing an additional 5,479 shares during the period. JPMorgan Chase & Co. increased its position in Ramaco Resources by 191.9% during the third quarter. JPMorgan Chase & Co. now owns 9,284 shares of the company’s stock worth $100,000 after buying an additional 6,103 shares during the last quarter. Capricorn Fund Managers Ltd raised its stake in Ramaco Resources by 4.4% in the fourth quarter. Capricorn Fund Managers Ltd now owns 32,438 shares of the company’s stock valued at $322,000 after buying an additional 1,359 shares during the period. Renaissance Technologies LLC lifted its position in shares of Ramaco Resources by 17.3% in the second quarter. Renaissance Technologies LLC now owns 65,900 shares of the company’s stock valued at $716,000 after buying an additional 9,696 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Ramaco Resources by 10.3% during the 2nd quarter. American Century Companies Inc. now owns 129,040 shares of the company’s stock worth $1,401,000 after acquiring an additional 11,997 shares during the period. 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.