American Resources Co. (NASDAQ:AREC – Get Free Report) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 2,680,000 shares, a growth of 5.1% from the March 31st total of 2,550,000 shares. Approximately 5.1% of the shares of the stock are sold short. Based on an average trading volume of 212,300 shares, the short-interest ratio is currently 12.6 days.
Institutional Trading of American Resources
An institutional investor recently bought a new position in American Resources stock. Jump Financial LLC bought a new position in shares of American Resources Co. (NASDAQ:AREC – Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 20,800 shares of the company’s stock, valued at approximately $35,000. 9.32% of the stock is owned by institutional investors and hedge funds.
American Resources Trading Up 2.1 %
American Resources stock opened at $1.46 on Thursday. The stock has a market capitalization of $115.60 million, a PE ratio of -10.43 and a beta of 0.39. American Resources has a 12-month low of $1.10 and a 12-month high of $2.16. The company has a debt-to-equity ratio of 230.66, a current ratio of 1.93 and a quick ratio of 1.93. The firm has a 50 day simple moving average of $1.46 and a 200-day simple moving average of $1.48.
American Resources Company Profile
American Resources Corporation, together with its subsidiaries, extracts, processes, transports, and sells metallurgical coal to the steel and industrial industries. It supplies raw materials; and sells coal used in pulverized coal injections. The company was founded in 2006 and is headquartered in Fishers, Indiana.
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