Looking Into Ramaco Resources's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Ramaco Resources (NYSE:METC) has seen a 12.6% increase in short interest since its last report, with 4.06 million shares sold short, representing 16.71% of its float. This indicates a bearish market sentiment, although it's higher than the peer group average of 5.20%. The coverage time for short positions based on trading volume is 4.71 days.

April 30, 2024 | 6:00 pm
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Ramaco Resources's short interest has increased significantly, indicating a bearish market sentiment towards the stock.
The increase in short interest for Ramaco Resources suggests that investors are becoming more bearish on the stock. This is further emphasized by the comparison to its peers, where METC's short interest significantly exceeds the peer group average of 5.20%. The coverage time of 4.71 days to cover short positions indicates a relatively high level of short interest that could lead to increased volatility or a potential short squeeze if the market sentiment shifts. However, the bearish sentiment predominates in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90