American Resources Co. (NASDAQ:AREC) Short Interest Update

American Resources Co. (NASDAQ:ARECGet Rating) was the recipient of a large decrease in short interest during the month of July. As of July 15th, there was short interest totalling 3,290,000 shares, a decrease of 18.0% from the June 30th total of 4,010,000 shares. Based on an average trading volume of 626,400 shares, the days-to-cover ratio is currently 5.3 days. Approximately 6.1% of the shares of the stock are short sold.

Institutional Trading of American Resources

Hedge funds have recently modified their holdings of the company. Janney Montgomery Scott LLC raised its position in shares of American Resources by 41.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 428,262 shares of the company’s stock valued at $1,101,000 after acquiring an additional 125,234 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of American Resources in the 4th quarter valued at approximately $65,000. Vanguard Group Inc. raised its position in shares of American Resources by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 2,200,927 shares of the company’s stock valued at $5,656,000 after acquiring an additional 18,930 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of American Resources in the 1st quarter valued at approximately $960,000. Finally, State Street Corp raised its position in shares of American Resources by 12.0% in the 1st quarter. State Street Corp now owns 154,434 shares of the company’s stock valued at $397,000 after acquiring an additional 16,570 shares during the period. 9.45% of the stock is currently owned by institutional investors and hedge funds.

American Resources Stock Up 4.1 %

Shares of NASDAQ AREC opened at $2.31 on Tuesday. American Resources has a 1 year low of $1.20 and a 1 year high of $2.74. The firm’s 50-day moving average is $1.68 and its 200-day moving average is $1.88.

American Resources (NASDAQ:ARECGet Rating) last issued its earnings results on Monday, May 16th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $9.08 million during the quarter. American Resources had a negative net margin of 170.87% and a negative return on equity of 1,891.14%. As a group, analysts predict that American Resources will post -0.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on AREC. Roth Capital reissued a “buy” rating on shares of American Resources in a report on Monday, May 23rd. HC Wainwright reduced their target price on shares of American Resources to $4.25 and set a “na” rating on the stock in a research note on Wednesday, May 18th.

About American Resources

(Get Rating)

American Resources Corporation engages in the extraction, processing, transportation, distribution, and sale of metallurgical coal to the steel industries. The company supplies raw materials; and sells coal used in pulverized coal injections. It has a portfolio of operations located in the Pike, Knott, and Letcher Counties in Kentucky; and Wyoming County, West Virginia.

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