Alpha Metallurgical Resources, Inc. (NYSE:AMR) Sees Significant Growth in Short Interest

Alpha Metallurgical Resources, Inc. (NYSE:AMR – Get Rating) was the target of a large increase in short interest in May. As of May 31st, there was short interest totalling 1,240,000 shares, an increase of 35.5% from the May 15th total of 915,400 shares. Based on an average trading volume of 684,300 shares, the days-to-cover ratio is currently 1.8 days. Currently, 7.7% of the company’s shares are short sold.

A number of equities research analysts have issued reports on AMR shares. B. Riley increased their target price on shares of Alpha Metallurgical Resources from $155.00 to $181.00 in a research report on Friday, May 6th. TheStreet upgraded shares of Alpha Metallurgical Resources from a “c” rating to a “b-” rating in a research report on Monday, April 4th.

Shares of AMR traded up $8.70 during mid-day trading on Wednesday, hitting $154.70. 845,657 shares of the company’s stock were exchanged, compared to its average volume of 570,212. The firm has a fifty day moving average of $155.84 and a two-hundred day moving average of $108.04. Alpha Metallurgical Resources has a twelve month low of $20.30 and a twelve month high of $186.98. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of 4.14 and a beta of 1.22. The company has a quick ratio of 2.36, a current ratio of 2.81 and a debt-to-equity ratio of 0.30.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 1st. Stockholders of record on Wednesday, June 15th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $1.50 annualized dividend and a dividend yield of 0.97%.

In other Alpha Metallurgical Resources news, Director Elizabeth Anne Fessenden sold 4,000 shares of the stock in a transaction that occurred on Monday, May 9th. The shares were sold at an average price of $145.38, for a total value of $581,520.00. Following the completion of the sale, the director now owns 4,567 shares in the company, valued at approximately $663,950.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.70% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. acquired a new position in shares of Alpha Metallurgical Resources during the 3rd quarter worth $2,336,000. Two Sigma Investments LP grew its stake in Alpha Metallurgical Resources by 21.0% in the 3rd quarter. Two Sigma Investments LP now owns 264,974 shares of the energy company’s stock valued at $13,193,000 after buying an additional 45,918 shares during the last quarter. GSA Capital Partners LLP grew its stake in Alpha Metallurgical Resources by 3.5% in the 4th quarter. GSA Capital Partners LLP now owns 8,540 shares of the energy company’s stock valued at $521,000 after buying an additional 290 shares during the last quarter. Centiva Capital LP acquired a new position in Alpha Metallurgical Resources in the 4th quarter valued at $222,000. Finally, Forager Funds Management Pty Ltd acquired a new position in Alpha Metallurgical Resources in the 4th quarter valued at $1,157,000. Institutional investors own 69.24% of the company’s stock.

Alpha Metallurgical Resources Company Profile (Get Rating)

Alpha Metallurgical Resources, Inc, a mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia. As of December 31, 2021, it operated twenty active mines and eight coal preparation and load-out facilities. The company was formerly known as Contura Energy, Inc and changed its name to Alpha Metallurgical Resources, Inc in February 2021.

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