Alpha Metallurgical Resources, Inc. (NYSE:AMR) Short Interest Update

Alpha Metallurgical Resources, Inc. (NYSE:AMR - Get Free Report) was the recipient of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 931,500 shares, a decrease of 6.9% from the October 15th total of 1,000,000 shares. Based on an average daily volume of 221,800 shares, the short-interest ratio is currently 4.2 days. Approximately 8.6% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on AMR shares. B. Riley lowered their price objective on Alpha Metallurgical Resources from $374.00 to $336.00 and set a "buy" rating on the stock in a report on Friday, September 6th. Benchmark reaffirmed a "hold" rating on shares of Alpha Metallurgical Resources in a report on Monday, November 4th.

Alpha Metallurgical Resources Trading Up 3.1 %

Shares of AMR traded up $7.29 during trading hours on Monday, reaching $242.46. The company had a trading volume of 174,456 shares, compared to its average volume of 218,499. Alpha Metallurgical Resources has a 12-month low of $185.00 and a 12-month high of $452.00. The firm has a 50 day simple moving average of $218.68 and a 200-day simple moving average of $260.68. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 8.66 and a beta of 1.33.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last issued its earnings results on Friday, November 1st. The energy company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $1.60 by ($1.31). The company had revenue of $671.90 million for the quarter, compared to analyst estimates of $672.95 million. Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The company's quarterly revenue was down 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.65 earnings per share. Sell-side analysts forecast that Alpha Metallurgical Resources will post 16.87 earnings per share for the current year.

Institutional Trading of Alpha Metallurgical Resources

A number of institutional investors have recently bought and sold shares of the company. Creative Planning increased its position in shares of Alpha Metallurgical Resources by 2.9% in the second quarter. Creative Planning now owns 1,529 shares of the energy company's stock valued at $429,000 after buying an additional 43 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its holdings in shares of Alpha Metallurgical Resources by 0.6% in the second quarter. Linden Thomas Advisory Services LLC now owns 7,823 shares of the energy company's stock valued at $2,195,000 after purchasing an additional 47 shares in the last quarter. SummerHaven Investment Management LLC grew its position in shares of Alpha Metallurgical Resources by 1.0% in the second quarter. SummerHaven Investment Management LLC now owns 4,876 shares of the energy company's stock valued at $1,368,000 after purchasing an additional 48 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Alpha Metallurgical Resources by 124.6% during the 3rd quarter. GAMMA Investing LLC now owns 137 shares of the energy company's stock worth $32,000 after purchasing an additional 76 shares in the last quarter. Finally, Meixler Investment Management Ltd. raised its position in shares of Alpha Metallurgical Resources by 1.4% during the 2nd quarter. Meixler Investment Management Ltd. now owns 5,596 shares of the energy company's stock worth $1,570,000 after purchasing an additional 78 shares during the last quarter. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

Alpha Metallurgical Resources Company Profile

Alpha Metallurgical Resources, Inc, a mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia. The company offers metallurgical coal products. It operates twenty-two active mines and nine coal preparation and load-out facilities. The company was formerly known as Contura Energy, Inc and changed its name to Alpha Metallurgical Resources, Inc in February 2021.