What Next for Ramaco Resources Inc (NASDAQ:METC) Stock After Decrease in Shorted Shares?

June 2, 2018 - By Clifton Ray

The stock of Ramaco Resources Inc (NASDAQ:METC) registered a decrease of 2.93% in short interest. METC’s total short interest was 1.05M shares in June as published by FINRA. Its down 2.93% from 1.08M shares, reported previously. With 74,400 shares average volume, it will take short sellers 14 days to cover their METC’s short positions. The short interest to Ramaco Resources Inc’s float is 17.67%.

The stock decreased 0.12% or $0.01 during the last trading session, reaching $8.07. About 85,360 shares traded or 23.77% up from the average. Ramaco Resources, Inc. (NASDAQ:METC) has risen 16.82% since June 2, 2017 and is uptrending. It has outperformed by 4.25% the S&P500.

Ramaco Resources, Inc. produces and sells metallurgical coal in central and northern Appalachia. The company has market cap of $323.47 million. The Company’s development portfolio includes the Elk Creek project consisting of approximately 17,128 acres of controlled mineral and 24 seams located in southern West Virginia; the Berwind coal property consisting of approximately 31,200 acres of controlled mineral located on the border of West Virginia and Virginia; the Knox Creek property consisting of approximately 43,281 acres of controlled mineral located in Virginia; and RAM Mine property consisting of approximately 1,567 acres of controlled mineral located in southwestern Pennsylvania. It currently has negative earnings.

More important recent Ramaco Resources, Inc. (NASDAQ:METC) news were published by: Nasdaq.com which released: “Ramaco Resources, Inc. to Release First Quarter 2018 Financial Results on Tuesday, May 15, 2018 and Host …” on May 10, 2018, also Seekingalpha.com published article titled: “Ramaco’s (METC) CEO Mike Bauersachs on Q1 2018 Results – Earnings Call Transcript”, Seekingalpha.com published: “2018 Top Pick Update: Ramaco Resources Story Continues To Progress” on May 24, 2018. More interesting news about Ramaco Resources, Inc. (NASDAQ:METC) was released by: Benzinga.com and their article: “Ramaco Resources Holds 25% Upside Potential, Analyst Says In Bullish Initiation” with publication date: June 01, 2018.

Ramaco Resources, Inc. (NASDAQ:METC) Ratings Chart

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