Short Interest in Ramaco Resources, Inc. (NASDAQ:METCB) Decreases By 27.5%

Ramaco Resources, Inc. (NASDAQ:METCB - Get Free Report) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totalling 87,600 shares, a decrease of 27.5% from the April 30th total of 120,900 shares. Based on an average daily trading volume, of 55,300 shares, the days-to-cover ratio is presently 1.6 days. Currently, 1.5% of the company's stock are sold short.

Institutional Investors Weigh In On Ramaco Resources

A number of institutional investors have recently added to or reduced their stakes in METCB. Russell Investments Group Ltd. increased its position in Ramaco Resources by 1,403.7% during the 1st quarter. Russell Investments Group Ltd. now owns 9,052 shares of the company's stock valued at $64,000 after buying an additional 8,450 shares in the last quarter. Nuveen LLC acquired a new stake in Ramaco Resources during the 1st quarter worth about $79,000. Barclays PLC lifted its position in Ramaco Resources by 19.3% during the 4th quarter. Barclays PLC now owns 8,572 shares of the company's stock worth $85,000 after acquiring an additional 1,388 shares during the period. XTX Topco Ltd purchased a new stake in Ramaco Resources during the 1st quarter valued at about $97,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Ramaco Resources by 191.9% in the third quarter. JPMorgan Chase & Co. now owns 9,284 shares of the company's stock valued at $100,000 after purchasing an additional 6,103 shares during the period. Institutional investors own 9.63% of the company's stock.

Ramaco Resources Price Performance

Shares of NASDAQ:METCB traded up $0.24 during trading hours on Tuesday, hitting $7.51. The company's stock had a trading volume of 16,765 shares, compared to its average volume of 35,574. The firm's fifty day moving average price is $7.90 and its 200 day moving average price is $8.85. Ramaco Resources has a 52 week low of $6.01 and a 52 week high of $11.60. The company has a market capitalization of $410.83 million, a price-to-earnings ratio of -83.44 and a beta of 1.03.

Ramaco Resources (NASDAQ:METCB - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported ($0.20) EPS for the quarter. The company had revenue of $134.66 million for the quarter.

Ramaco Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a dividend of $0.1811 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 9.65%. The ex-dividend date is Friday, May 30th. Ramaco Resources's dividend payout ratio (DPR) is currently -800.00%.

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.