Short Interest in Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ) Drops By 66.3%

Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ) was the target of a large drop in short interest during the month of March. As of March 31st, there was short interest totaling 1,427 shares, a drop of 66.3% from the March 15th total of 4,237 shares. Based on an average daily volume of 5,623 shares, the short-interest ratio is currently 0.3 days.

Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 Trading Up 0.0%

Shares of NASDAQ METCZ traded up $0.01 during mid-day trading on Monday, hitting $25.30. The company had a trading volume of 9,446 shares, compared to its average volume of 6,856. Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 has a 12 month low of $23.18 and a 12 month high of $26.00. The firm’s 50 day simple moving average is $25.35 and its two-hundred day simple moving average is $25.42.

Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 30th. Investors of record on Wednesday, July 15th will be issued a $0.5234 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $2.09 annualized dividend and a dividend yield of 8.3%.

Ramaco Resources, Inc is a U.S.-based coal producer specializing in the extraction and sale of high‐grade metallurgical and steam coal. The company’s core operations are centered in southern West Virginia, where it operates the Elk Creek mining complex and the Alma metallurgical coal complex. These underground mines produce bituminous coal primarily used in steelmaking, as well as thermal coal for power generation. Ramaco also has development projects underway, including the planned Brook Mine and the acquisition of additional reserves aimed at supporting long‐term production growth.

Founded in 2013 by industry veteran Christopher Cline, Ramaco Resources went public in 2018 to fund its expansion into the metallurgical coal market.