Arch Resources, Inc. (NYSE:ARCH) Sees Significant Growth in Short Interest

Arch Resources, Inc. (NYSE:ARCH - Get Free Report) was the target of a large growth in short interest in October. As of October 15th, there was short interest totalling 1,490,000 shares, a growth of 5.7% from the September 30th total of 1,410,000 shares. Based on an average trading volume of 414,100 shares, the short-interest ratio is currently 3.6 days.

Wall Street Analyst Weigh In

ARCH has been the topic of several analyst reports. StockNews.com initiated coverage on Arch Resources in a research note on Saturday, October 26th. They issued a "hold" rating on the stock. B. Riley cut their price objective on shares of Arch Resources from $198.00 to $188.00 and set a "buy" rating for the company in a research report on Friday, September 6th. Finally, Benchmark reaffirmed a "buy" rating and issued a $180.00 target price on shares of Arch Resources in a report on Friday, July 26th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Arch Resources has an average rating of "Hold" and a consensus target price of $175.75.

Arch Resources Price Performance

Shares of NYSE ARCH traded up $1.17 during midday trading on Thursday, hitting $146.75. The company had a trading volume of 207,511 shares, compared to its average volume of 397,362. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.07. The business has a 50-day simple moving average of $134.40 and a two-hundred day simple moving average of $147.76. Arch Resources has a twelve month low of $116.44 and a twelve month high of $187.60. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of 8.63 and a beta of 0.60.

Insider Transactions at Arch Resources

In related news, VP Deck Slone sold 253 shares of the stock in a transaction on Monday, October 14th. The shares were sold at an average price of $144.75, for a total value of $36,621.75. Following the transaction, the vice president now directly owns 29,120 shares of the company's stock, valued at $4,215,120. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 5.40% of the company's stock.

Institutional Investors Weigh In On Arch Resources

Institutional investors have recently modified their holdings of the company. Nisa Investment Advisors LLC raised its holdings in shares of Arch Resources by 5.1% in the second quarter. Nisa Investment Advisors LLC now owns 1,856 shares of the energy company's stock worth $283,000 after acquiring an additional 90 shares during the last quarter. CWM LLC increased its stake in Arch Resources by 132.0% in the second quarter. CWM LLC now owns 174 shares of the energy company's stock valued at $26,000 after purchasing an additional 99 shares during the last quarter. AlphaMark Advisors LLC lifted its position in Arch Resources by 6.6% during the second quarter. AlphaMark Advisors LLC now owns 1,956 shares of the energy company's stock worth $298,000 after buying an additional 121 shares during the period. Linden Thomas Advisory Services LLC boosted its stake in Arch Resources by 1.4% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 9,475 shares of the energy company's stock worth $1,442,000 after buying an additional 127 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in Arch Resources by 6.5% in the 2nd quarter. Hsbc Holdings PLC now owns 2,250 shares of the energy company's stock valued at $343,000 after buying an additional 137 shares during the period. Hedge funds and other institutional investors own 88.14% of the company's stock.

Arch Resources Company Profile

Arch Resources, Inc engages in the production and sale of metallurgical products. It operates in two segments, Metallurgical and Thermal. The company operates active mines. It owned or controlled primarily through long-term leases of coal land in Ohio, Maryland, Virginia, West Virginia, Wyoming, Kentucky, Montana, Pennsylvania, Colorado, and Illinois; and smaller parcels of property in Alabama, Indiana, Washington, Arkansas, California, Utah, and Texas.