Ramaco Resources, Inc. (NASDAQ:METCB) Short Interest Down 20.6% in June

Ramaco Resources, Inc. (NASDAQ:METCB) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totalling 35,400 shares, a decrease of 20.6% from the May 31st total of 44,600 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average trading volume of 19,400 shares, the short-interest ratio is presently 1.8 days.

Ramaco Resources Trading Up 1.3 %

Shares of Ramaco Resources stock traded up $0.14 during trading hours on Friday, reaching $10.86. The stock had a trading volume of 276,739 shares, compared to its average volume of 12,868. The stock’s 50 day moving average is $11.10 and its 200 day moving average is $11.97. Ramaco Resources has a twelve month low of $9.68 and a twelve month high of $17.90.

Ramaco Resources (NASDAQ:METCB) last released its earnings results on Thursday, May 9th. The company reported $0.23 EPS for the quarter. The company had revenue of $172.68 million for the quarter.

Ramaco Resources Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, June 15th. Stockholders of record on Saturday, June 1st were paid a dividend of $0.2376 per share. The ex-dividend date was Friday, May 31st. This represents a $0.95 dividend on an annualized basis and a dividend yield of 8.75%.

Institutional Trading of Ramaco Resources

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Acuitas Investments LLC grew its stake in Ramaco Resources by 4.0% during the 4th quarter. Acuitas Investments LLC now owns 186,097 shares of the company’s stock valued at $2,477,000 after acquiring an additional 7,204 shares in the last quarter. Corsair Capital Management L.P. grew its stake in Ramaco Resources by 11.7% during the 4th quarter. Corsair Capital Management L.P. now owns 79,573 shares of the company’s stock valued at $1,059,000 after acquiring an additional 8,328 shares in the last quarter. Wedge Capital Management L L P NC grew its stake in Ramaco Resources by 25.1% during the 4th quarter. Wedge Capital Management L L P NC now owns 61,322 shares of the company’s stock valued at $816,000 after acquiring an additional 12,320 shares in the last quarter. Finally, Global Trust Asset Management LLC grew its stake in Ramaco Resources by 1,237.6% during the 1st quarter. Global Trust Asset Management LLC now owns 14,647 shares of the company’s stock valued at $184,000 after acquiring an additional 13,552 shares in the last quarter. Hedge funds and other institutional investors own 9.63% of the company’s stock.

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.