Ramaco Resources, Inc. (NASDAQ:METCB) Short Interest Up 47.3% in November

Ramaco Resources, Inc. (NASDAQ:METCB - Get Free Report) was the target of a large growth in short interest in November. As of November 30th, there was short interest totalling 43,300 shares, a growth of 47.3% from the November 15th total of 29,400 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average daily trading volume, of 26,000 shares, the days-to-cover ratio is presently 1.7 days.

Ramaco Resources Trading Up 4.9 %

Shares of NASDAQ:METCB traded up $0.49 on Friday, hitting $10.50. The company's stock had a trading volume of 31,792 shares, compared to its average volume of 25,863. Ramaco Resources has a 12 month low of $9.42 and a 12 month high of $14.29. The stock's 50-day moving average is $10.49 and its two-hundred day moving average is $10.71.

Ramaco Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.2364 dividend. This represents a $0.95 dividend on an annualized basis and a yield of 9.01%. The ex-dividend date is Monday, December 2nd. This is a positive change from Ramaco Resources's previous quarterly dividend of $0.22.

Hedge Funds Weigh In On Ramaco Resources

Large investors have recently bought and sold shares of the stock. American Century Companies Inc. increased its position in shares of Ramaco Resources by 10.3% during the 2nd quarter. American Century Companies Inc. now owns 129,040 shares of the company's stock valued at $1,401,000 after purchasing an additional 11,997 shares during the period. Renaissance Technologies LLC grew its holdings in Ramaco Resources by 17.3% during the second quarter. Renaissance Technologies LLC now owns 65,900 shares of the company's stock worth $716,000 after acquiring an additional 9,696 shares during the period. Finally, Barclays PLC grew its holdings in Ramaco Resources by 321.3% during the third quarter. Barclays PLC now owns 7,184 shares of the company's stock worth $77,000 after acquiring an additional 5,479 shares during the period. Institutional investors and hedge funds own 9.63% of the company's stock.

Ramaco Resources Company Profile

Ramaco Resources, Inc engages in the development, operation, and sale of metallurgical coal. Its development portfolio includes the Elk Creek project that covers an area of approximately 20,200 acres located in southern West Virginia; the Berwind property covering an area of approximately 62,500 acres situated on the border of West Virginia and Virginia; the Knox Creek property, which covers an area of approximately 64,050 acres is located in Virginia; the Maben property covering an area of approximately 28,000 acres situated in southwestern Pennsylvania southern West Virginia; and the Brook Mine property that covers an area of approximately 16,000 acres located in northeastern Wyoming.