Short Interest in Ramaco Resources, Inc. (NASDAQ:METCB) Expands By 96.1%

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. grew its holdings in shares of Ramaco Resources by 1,403.7% in the 1st quarter. Russell Investments Group Ltd. now owns 9,052 shares of the company's stock valued at $64,000 after acquiring an additional 8,450 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Ramaco Resources in the 1st quarter valued at $79,000. Barclays PLC boosted its holdings in shares of Ramaco Resources by 19.3% during the 4th quarter. Barclays PLC now owns 8,572 shares of the company's stock valued at $85,000 after acquiring an additional 1,388 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Ramaco Resources during the first quarter worth $97,000. Finally, Discovery Capital Management LLC CT bought a new position in Ramaco Resources during the 4th quarter worth approximately $106,000. 9.63% of the stock is currently owned by institutional investors.

Ramaco Resources Stock Down 1.1%

Shares of NASDAQ:METCB traded down $0.08 during trading on Tuesday, reaching $7.44. The stock had a trading volume of 45,844 shares, compared to its average volume of 37,391. The firm has a market capitalization of $407.00 million, a price-to-earnings ratio of -82.67 and a beta of 0.69. Ramaco Resources has a 52 week low of $6.01 and a 52 week high of $11.60. The stock has a fifty day simple moving average of $8.04 and a two-hundred day simple moving average of $8.66.

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

Ramaco Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a dividend of $0.1811 per share. The ex-dividend date was Friday, May 30th. This represents a $0.72 annualized dividend and a yield of 9.74%. 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.