Ramaco Resources, Inc. (NASDAQ:METCB) Short Interest Up 47.3% in November

Ramaco Resources, Inc. (NASDAQ:METCB) was the recipient of a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 43,300 shares, an increase of 47.3% from the November 15th total of 29,400 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average daily volume of 26,000 shares, the short-interest ratio is currently 1.7 days.

Hedge Funds Weigh In On Ramaco Resources

Several institutional investors have recently bought and sold shares of METCB. Barclays PLC lifted its position in Ramaco Resources by 321.3% during the 3rd quarter. Barclays PLC now owns 7,184 shares of the company’s stock valued at $77,000 after purchasing an additional 5,479 shares during the period. Renaissance Technologies LLC raised its stake in shares of Ramaco Resources by 17.3% during the second quarter. Renaissance Technologies LLC now owns 65,900 shares of the company’s stock worth $716,000 after buying an additional 9,696 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in Ramaco Resources by 10.3% in the second quarter. American Century Companies Inc. now owns 129,040 shares of the company’s stock valued at $1,401,000 after buying an additional 11,997 shares during the period. Institutional investors own 9.63% of the company’s stock.

Ramaco Resources Stock Up 3.8 %

METCB traded up $0.38 during midday trading on Friday, reaching $10.39. 24,839 shares of the company’s stock were exchanged, compared to its average volume of 25,826. The business has a 50-day simple moving average of $10.49 and a two-hundred day simple moving average of $10.72. Ramaco Resources has a one year low of $9.42 and a one year high of $14.29.

Ramaco Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.2364 per share. This represents a $0.95 annualized dividend and a yield of 9.10%. This is a boost from Ramaco Resources’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, December 2nd.

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.