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

Ramaco Resources, Inc. (NASDAQ:METCB) saw a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 61,930 shares, a decrease of 27.6% from the January 29th total of 85,579 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 47,126 shares, the short-interest ratio is presently 1.3 days. Based on an average daily volume of 47,126 shares, the short-interest ratio is presently 1.3 days. Approximately 0.1% of the shares of the company are short sold.

Analyst Ratings Changes

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

Ramaco Resources Stock Performance

METCB stock opened at $11.78 on Friday. Ramaco Resources has a 1 year low of $6.01 and a 1 year high of $22.11. The stock has a market capitalization of $777.48 million, a price-to-earnings ratio of -11.78 and a beta of 0.96. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.24 and a current ratio of 2.97. The stock’s fifty day moving average is $12.70 and its two-hundred day moving average is $14.18.

Ramaco Resources (NASDAQ:METCB) last released its quarterly earnings data on Wednesday, February 25th. The company reported ($0.26) earnings per share for the quarter. The firm had revenue of $128.01 million during the quarter. Ramaco Resources had a negative return on equity of 11.77% and a negative net margin of 9.59%.

Institutional Investors Weigh In On Ramaco Resources

A number of hedge funds have recently made changes to their positions in METCB. First Eagle Investment Management LLC acquired a new position in shares of Ramaco Resources during the third quarter worth approximately $5,153,000. Yorktown Energy Partners XI L.P. boosted its position in Ramaco Resources by 20.6% during 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 during the period. Yorktown Energy Partners IX L.P. grew its stake in shares of Ramaco Resources by 18.5% in the second quarter. Yorktown Energy Partners IX L.P. now owns 1,204,053 shares of the company’s stock worth $9,849,000 after purchasing an additional 188,278 shares in the last quarter. Simcoe Capital LLC acquired a new position in shares of Ramaco Resources during the fourth quarter valued at $1,892,000. Finally, Yorktown Energy Partners X L.P. raised its stake in shares of 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. Institutional investors own 9.63% of the company’s stock.

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.