American Resources Co. (NASDAQ:AREC) Short Interest Update

American Resources Co. (NASDAQ:AREC) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totalling 2,520,000 shares, a growth of 8.6% from the July 15th total of 2,320,000 shares. Approximately 4.7% of the company’s shares are sold short. Based on an average daily volume of 455,800 shares, the days-to-cover ratio is currently 5.5 days.

Analyst Ratings Changes

Several equities analysts have weighed in on AREC shares. Roth Mkm reiterated a “buy” rating and issued a $5.00 target price on shares of American Resources in a report on Friday, May 24th. EF Hutton Acquisition Co. I upgraded shares of American Resources to a “strong-buy” rating in a report on Monday, June 3rd.

Institutional Investors Weigh In On American Resources

A hedge fund recently raised its stake in American Resources stock. Vanguard Group Inc. increased its holdings in shares of American Resources Co. (NASDAQ:AREC) by 7.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,988,101 shares of the company’s stock after buying an additional 216,800 shares during the period. Vanguard Group Inc. owned about 3.77% of American Resources worth $4,213,000 at the end of the most recent quarter. Institutional investors own 9.32% of the company’s stock.

American Resources Trading Up 3.7 %

Shares of American Resources stock traded up $0.02 on Friday, reaching $0.62. The company had a trading volume of 141,271 shares, compared to its average volume of 321,390. The firm’s 50 day moving average price is $0.69 and its two-hundred day moving average price is $1.14. The firm has a market cap of $49.09 million, a PE ratio of -4.77 and a beta of 0.31. American Resources has a 52-week low of $0.44 and a 52-week high of $1.86. The company has a debt-to-equity ratio of 230.66, a quick ratio of 0.29 and a current ratio of 0.30.

American Resources (NASDAQ:AREC) last released its quarterly earnings results on Monday, May 20th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. The business had revenue of $0.09 million for the quarter, compared to the consensus estimate of $0.10 million. American Resources had a negative net margin of 179.75% and a negative return on equity of 978.72%. During the same period in the previous year, the firm earned ($0.04) EPS. Sell-side analysts predict that American Resources will post -0.13 earnings per share for the current fiscal year.

About American Resources

American Resources Corporation, together with its subsidiaries, extracts, processes, transports, and sells metallurgical coal to the steel and industrial industries. It supplies raw materials; and sells coal used in pulverized coal injections. The company was founded in 2006 and is headquartered in Fishers, Indiana.