Ramaco Resources, Inc. (NASDAQ:METCB) Short Interest Update

Ramaco Resources, Inc. (NASDAQ:METCB - Get Free Report) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 69,900 shares, an increase of 37.1% from the December 31st total of 51,000 shares. Approximately 1.4% of the shares of the company are short sold. Based on an average daily volume of 35,800 shares, the short-interest ratio is presently 2.0 days.

Institutional Investors Weigh In On Ramaco Resources

Institutional investors and hedge funds have recently made changes to their positions in the company. Wedge Capital Management L L P NC boosted its stake in Ramaco Resources by 395.3% in the fourth quarter. Wedge Capital Management L L P NC now owns 205,270 shares of the company's stock worth $2,028,000 after purchasing an additional 163,828 shares in the last quarter. Barclays PLC grew its holdings in Ramaco Resources by 321.3% during the 3rd 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 last quarter. JPMorgan Chase & Co. increased its position in Ramaco Resources by 191.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,284 shares of the company's stock valued at $100,000 after acquiring an additional 6,103 shares in the last quarter. Renaissance Technologies LLC increased its position in Ramaco Resources by 17.3% in the 2nd quarter. Renaissance Technologies LLC now owns 65,900 shares of the company's stock valued at $716,000 after acquiring an additional 9,696 shares in the last quarter. Finally, Capricorn Fund Managers Ltd raised its stake in shares of Ramaco Resources by 4.4% in the fourth quarter. Capricorn Fund Managers Ltd now owns 32,438 shares of the company's stock worth $322,000 after acquiring an additional 1,359 shares during the last quarter. Institutional investors and hedge funds own 9.63% of the company's stock.

Ramaco Resources Trading Up 1.3 %

METCB stock traded up $0.12 on Wednesday, reaching $9.28. 16,478 shares of the company were exchanged, compared to its average volume of 26,228. Ramaco Resources has a 12 month low of $8.68 and a 12 month high of $12.98. The stock's fifty day moving average price is $9.66 and its 200 day moving average price is $10.32.

Ramaco Resources (NASDAQ:METCB - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The company reported ($0.03) EPS for the quarter. The business had revenue of $167.41 million during the quarter.

Ramaco Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.2364 per share. This represents a $0.95 dividend on an annualized basis and a yield of 10.19%. This is an increase from Ramaco Resources's previous quarterly dividend of $0.22. The ex-dividend date was Monday, December 2nd.

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.