Short Interest in Ramaco Resources, Inc. (NASDAQ:METCB) Expands By 44.7%

Ramaco Resources, Inc. (NASDAQ:METCB - Get Free Report) was the recipient of a significant increase in short interest in February. As of February 28th, there was short interest totalling 115,000 shares, an increase of 44.7% from the February 13th total of 79,500 shares. Currently, 2.3% of the shares of the stock are sold short. Based on an average daily volume of 42,200 shares, the days-to-cover ratio is presently 2.7 days.

Ramaco Resources Trading Down 6.7 %

Shares of METCB stock traded down $0.57 on Thursday, reaching $8.00. The company's stock had a trading volume of 68,819 shares, compared to its average volume of 44,660,048. The stock's fifty day simple moving average is $9.03 and its 200-day simple moving average is $9.88. Ramaco Resources has a 1 year low of $0.00 and a 1 year high of $9.55. The company has a market capitalization of $420.23 million, a price-to-earnings ratio of 23.53 and a beta of 0.92.

Ramaco Resources (NASDAQ:METCB - Get Free Report) last posted its quarterly earnings data on Monday, March 10th. The company reported $0.06 EPS for the quarter. The firm had revenue of $170.89 million for the quarter.

Ramaco Resources Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.1971 per share. This represents a $0.79 annualized dividend and a yield of 9.86%. The ex-dividend date was Friday, February 28th. Ramaco Resources's payout ratio is 229.41%.

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Institutional Trading of Ramaco Resources

Several institutional investors and hedge funds have recently made changes to their positions in the business. First Manhattan CO. LLC. lifted its position in shares of Ramaco Resources by 3.9% during the fourth quarter. First Manhattan CO. LLC. now owns 249,912 shares of the company's stock worth $2,469,000 after purchasing an additional 9,405 shares during the last quarter. Wedge Capital Management L L P NC raised its holdings in shares of 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 valued at $2,028,000 after acquiring an additional 163,828 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Ramaco Resources by 20.6% in the fourth quarter. American Century Companies Inc. now owns 174,701 shares of the company's stock valued at $1,726,000 after acquiring an additional 29,811 shares in the last quarter. South Dakota Investment Council raised its holdings in shares of Ramaco Resources by 2.4% in the fourth quarter. South Dakota Investment Council now owns 92,402 shares of the company's stock valued at $913,000 after acquiring an additional 2,140 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Ramaco Resources by 48.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 76,718 shares of the company's stock valued at $758,000 after acquiring an additional 25,084 shares in the last quarter. 9.63% of the stock is currently owned by institutional investors.

About Ramaco Resources

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.