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

Ramaco Resources, Inc. (NASDAQ:METCB - Get Free Report) was the recipient of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 171,800 shares, an increase of 96.1% from the May 15th total of 87,600 shares. Based on an average trading volume of 56,700 shares, the days-to-cover ratio is currently 3.0 days. Currently, 2.9% of the shares of the company are short sold.Get Ramaco Resources alerts:Institutional Trading of Ramaco ResourcesHedge funds and other institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. grew its stake in Ramaco Resources by 1,403.7% in the 1st quarter. Russell Investments Group Ltd. now owns 9,052 shares of the company's stock valued at $64,000 after buying an additional 8,450 shares in the last quarter. Nuveen LLC bought a new position in shares of Ramaco Resources in the first quarter worth $79,000. Barclays PLC grew its position in shares of Ramaco Resources by 19.3% in the fourth quarter. Barclays PLC now owns 8,572 shares of the company's stock valued at $85,000 after purchasing an additional 1,388 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Ramaco Resources during the 1st quarter valued at $97,000. Finally, Discovery Capital Management LLC CT purchased a new stake in Ramaco Resources during the 4th quarter worth about $106,000. Institutional investors own 9.63% of the company's stock. Ramaco Resources Stock PerformanceNASDAQ METCB traded down $0.09 on Friday, hitting $7.46. 89,671 shares of the stock traded hands, compared to its average volume of 37,123. The business's fifty day moving average is $8.02 and its two-hundred day moving average is $8.69. Ramaco Resources has a 12 month low of $6.01 and a 12 month high of $11.60. The firm has a market capitalization of $408.09 million, a price-to-earnings ratio of -82.89 and a beta of 0.69. Ramaco Resources (NASDAQ:METCB - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported ($0.20) EPS for the quarter. The firm had revenue of $134.66 million during the quarter. Ramaco Resources Dividend AnnouncementThe firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a $0.1811 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.72 annualized dividend and a dividend yield of 9.71%. Ramaco Resources's payout ratio is -800.00%. Ramaco Resources Company Profile (Get Free Report)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.Featured StoriesFive stocks we like better than Ramaco ResourcesHow to Capture the Benefits of Dividend IncreasesSynopsys Stock Falls on China Ban, But Long-Term Outlook HoldsAbout the Markup CalculatorAlphabet Enters a Bull Market: Is It Time to Buy?ETF Screener: Uses and Step-by-Step Guide Ouster Soars 27% as DoD Grants First 3D LiDAR Approval for DronesThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Ramaco Resources Right Now?Before you consider Ramaco Resources, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ramaco Resources wasn't on the list.While Ramaco Resources currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here