Ramaco Resources, Inc. (NASDAQ:METCB) Short Interest Up 96.1% in May

Ramaco Resources, Inc. (NASDAQ:METCB - Get Free Report) was the recipient of a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 171,800 shares, a growth of 96.1% from the May 15th total of 87,600 shares. Based on an average trading volume of 56,700 shares, the short-interest ratio is presently 3.0 days. Currently, 2.9% of the company's shares are sold short.

Hedge Funds Weigh In On Ramaco Resources

Several institutional investors and hedge funds have recently made changes to their positions in METCB. Comerica Bank grew its holdings in shares of Ramaco Resources by 271.3% in the 4th quarter. Comerica Bank now owns 73,197 shares of the company's stock valued at $723,000 after buying an additional 53,483 shares during the period. American Century Companies Inc. grew its holdings in shares of Ramaco Resources by 20.6% in the 4th quarter. American Century Companies Inc. now owns 174,701 shares of the company's stock valued at $1,726,000 after buying an additional 29,811 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Ramaco Resources by 48.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 76,718 shares of the company's stock valued at $758,000 after buying an additional 25,084 shares during the period. Encompass Capital Advisors LLC acquired a new position in Ramaco Resources in the 1st quarter worth $166,000. Finally, Wellington Management Group LLP boosted its stake in Ramaco Resources by 145.3% in the 1st quarter. Wellington Management Group LLP now owns 36,176 shares of the company's stock worth $257,000 after purchasing an additional 21,430 shares during the period. Institutional investors and hedge funds own 9.63% of the company's stock.

Ramaco Resources Stock Performance

METCB traded down $0.09 during trading on Friday, reaching $7.46. 89,671 shares of the company's stock were exchanged, compared to its average volume of 37,123. The company's fifty day moving average price is $8.02 and its 200-day moving average price is $8.69. Ramaco Resources has a fifty-two week low of $6.01 and a fifty-two week high of $11.60. The firm has a market capitalization of $408.09 million, a PE ratio of -82.89 and a beta of 0.69.

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

Ramaco Resources Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a $0.1811 dividend. This represents a $0.72 annualized dividend and a dividend yield of 9.71%. The ex-dividend date was Friday, May 30th. Ramaco Resources's dividend payout ratio (DPR) is -800.00%.

About Ramaco Resources

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.