American Resources Co. (NASDAQ:AREC) Short Interest Update

American Resources Co. (NASDAQ:AREC - Get Free Report) was the recipient of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 2,470,000 shares, a drop of 12.1% from the November 15th total of 2,810,000 shares. Based on an average daily volume of 318,500 shares, the short-interest ratio is currently 7.8 days. Approximately 4.8% of the company's stock are sold short.

American Resources Price Performance

Shares of AREC stock traded down $0.04 during midday trading on Friday, hitting $1.19. The company had a trading volume of 129,148 shares, compared to its average volume of 309,369. The company's 50 day simple moving average is $1.10 and its 200 day simple moving average is $0.84. American Resources has a 52-week low of $0.41 and a 52-week high of $1.78. The stock has a market cap of $92.13 million, a price-to-earnings ratio of -3.05 and a beta of 0.21.

Hedge Funds Weigh In On American Resources

An institutional investor recently raised its position in American Resources stock. Vanguard Group Inc. boosted its position in shares of American Resources Co. (NASDAQ:AREC - Free Report) by 7.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,988,101 shares of the company's stock after purchasing an additional 216,800 shares during the period. Vanguard Group Inc. owned 3.77% of American Resources worth $4,213,000 at the end of the most recent reporting period. 9.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AREC has been the subject of several research analyst reports. D. Boral Capital reiterated a "buy" rating and set a $4.00 target price on shares of American Resources in a research report on Thursday, November 21st. Roth Mkm lowered their price target on shares of American Resources from $5.00 to $4.00 and set a "buy" rating on the stock in a report on Monday, September 30th.

American Resources Company Profile

American Resources Corporation, together with its subsidiaries, extracts, processes, transports, and sells metallurgical coal to the steel and industrial industries. It supplies raw materials; and sells coal used in pulverized coal injections. The company was founded in 2006 and is headquartered in Fishers, Indiana.