Alpha Metallurgical Resources, Inc. (NYSE:AMR) Short Interest Up 17.8% in February

Alpha Metallurgical Resources, Inc. (NYSE:AMR - Get Free Report) saw a significant growth in short interest in February. As of February 28th, there was short interest totalling 1,190,000 shares, a growth of 17.8% from the February 13th total of 1,010,000 shares. Based on an average daily volume of 242,200 shares, the short-interest ratio is currently 4.9 days. Approximately 10.9% of the shares of the stock are short sold.

Alpha Metallurgical Resources Trading Up 0.0 %

Shares of AMR traded up $0.01 during mid-day trading on Friday, hitting $125.02. 998,419 shares of the company traded hands, compared to its average volume of 213,984. Alpha Metallurgical Resources has a one year low of $122.00 and a one year high of $361.17. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 4.59 and a beta of 1.50. The business has a 50-day moving average of $164.11 and a 200 day moving average of $199.54.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last announced its quarterly earnings data on Friday, February 28th. The energy company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.09). The business had revenue of $617.30 million during the quarter, compared to the consensus estimate of $658.20 million. Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. Alpha Metallurgical Resources's revenue was down 35.7% compared to the same quarter last year. During the same period in the previous year, the business posted $12.88 earnings per share. As a group, analysts anticipate that Alpha Metallurgical Resources will post 14.31 earnings per share for the current year.

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Hedge Funds Weigh In On Alpha Metallurgical Resources

Several institutional investors have recently modified their holdings of AMR. New Age Alpha Advisors LLC bought a new position in Alpha Metallurgical Resources during the 4th quarter worth approximately $40,000. FNY Investment Advisers LLC acquired a new position in Alpha Metallurgical Resources in the fourth quarter valued at about $50,000. PNC Financial Services Group Inc. increased its holdings in shares of Alpha Metallurgical Resources by 127.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 289 shares of the energy company's stock worth $58,000 after acquiring an additional 162 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Alpha Metallurgical Resources during the fourth quarter worth about $60,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Alpha Metallurgical Resources by 127.7% during the 4th quarter. GAMMA Investing LLC now owns 312 shares of the energy company's stock valued at $62,000 after purchasing an additional 175 shares in the last quarter. 84.29% of the stock is currently owned by institutional investors and hedge funds.

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.