American Resources Co. (NASDAQ:AREC) Short Interest Up 10.3% in September

American Resources Co. (NASDAQ:AREC - Get Free Report) was the target of a large increase in short interest in September. As of September 30th, there was short interest totalling 2,560,000 shares, an increase of 10.3% from the September 15th total of 2,320,000 shares. Based on an average daily volume of 294,900 shares, the short-interest ratio is currently 8.7 days. Currently, 5.0% of the company's stock are short sold.

American Resources Price Performance

Shares of NASDAQ AREC traded down $0.05 during mid-day trading on Tuesday, reaching $1.02. 297,663 shares of the company traded hands, compared to its average volume of 310,507. The firm has a market cap of $80.76 million, a PE ratio of -7.77 and a beta of 0.20. American Resources has a fifty-two week low of $0.41 and a fifty-two week high of $1.86. The stock has a fifty day simple moving average of $0.66 and a 200-day simple moving average of $0.92.

American Resources (NASDAQ:AREC - Get Free Report) last released its quarterly earnings results on Monday, August 19th. The company reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.04). American Resources had a negative net margin of 332.74% and a negative return on equity of 978.72%. During the same quarter last year, the business earned ($0.01) earnings per share. As a group, analysts predict that American Resources will post -0.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Roth Mkm reduced their target price on American Resources from $5.00 to $4.00 and set a "buy" rating for the company in a report on Monday, September 30th.

Institutional Investors Weigh In On American Resources

A hedge fund recently raised its stake in American Resources stock. Vanguard Group Inc. grew its holdings in shares of American Resources Co. (NASDAQ:AREC - Free Report) by 7.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,988,101 shares of the company's stock after acquiring an additional 216,800 shares during the quarter. Vanguard Group Inc. owned 3.77% of American Resources worth $4,213,000 at the end of the most recent quarter. Institutional investors and hedge funds own 9.32% of the company's stock.

About American Resources

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.