Alpha Metallurgical Resources, Inc. (NYSE:AMR) Short Interest Update

Alpha Metallurgical Resources, Inc. (NYSE:AMR) saw a significant growth in short interest in February. As of February 28th, there was short interest totalling 1,190,000 shares, a growth of 17.8% from the February 13th total of 1,010,000 shares. Based on an average daily volume of 242,200 shares, the short-interest ratio is presently 4.9 days. Approximately 10.9% of the company’s shares are sold short.

Alpha Metallurgical Resources Price Performance

Shares of Alpha Metallurgical Resources stock traded down $3.27 on Wednesday, reaching $126.69. 114,775 shares of the company were exchanged, compared to its average volume of 210,238. The stock’s 50 day moving average price is $167.59 and its 200-day moving average price is $201.51. The company has a market cap of $1.65 billion, a P/E ratio of 4.64 and a beta of 1.50. Alpha Metallurgical Resources has a 1-year low of $123.57 and a 1-year high of $361.17.

Alpha Metallurgical Resources (NYSE:AMR) last released its quarterly earnings results on Friday, February 28th. The energy company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.09). The company had revenue of $617.30 million for the quarter, compared to analysts’ expectations of $658.20 million. Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. Alpha Metallurgical Resources’s revenue for the quarter was down 35.7% compared to the same quarter last year. During the same quarter last year, the company earned $12.88 EPS. On average, research analysts predict that Alpha Metallurgical Resources will post 14.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Alpha Metallurgical Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Empowered Funds LLC boosted its stake in Alpha Metallurgical Resources by 69.7% during the 4th quarter. Empowered Funds LLC now owns 12,139 shares of the energy company’s stock valued at $2,429,000 after purchasing an additional 4,985 shares in the last quarter. Ruffer LLP purchased a new stake in shares of Alpha Metallurgical Resources during the fourth quarter worth $4,100,000. Barclays PLC increased its position in Alpha Metallurgical Resources by 309.2% during the third quarter. Barclays PLC now owns 18,646 shares of the energy company’s stock worth $4,402,000 after buying an additional 14,089 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Alpha Metallurgical Resources during the fourth quarter worth $3,564,000. Finally, Victory Capital Management Inc. boosted its position in shares of Alpha Metallurgical Resources by 22.4% in the third quarter. Victory Capital Management Inc. now owns 15,441 shares of the energy company’s stock valued at $3,647,000 after acquiring an additional 2,823 shares during the period. 84.29% of the stock is owned by institutional investors.

About Alpha Metallurgical Resources

Alpha Metallurgical Resources, Inc, a mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia. The company offers metallurgical coal products. It operates twenty-two active mines and nine 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.