American Resources Co. (NASDAQ:AREC) Short Interest Down 10.8% in July

American Resources Co. (NASDAQ:AREC) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totalling 2,320,000 shares, a decrease of 10.8% from the June 30th total of 2,600,000 shares. Based on an average daily volume of 473,800 shares, the short-interest ratio is presently 4.9 days. Approximately 4.4% of the shares of the company are short sold.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on AREC shares. Roth Mkm reaffirmed a “buy” rating and issued a $5.00 price objective on shares of American Resources in a report on Friday, May 24th. EF Hutton Acquisition Co. I raised shares of American Resources to a “strong-buy” rating in a report on Monday, June 3rd.

Institutional Inflows and Outflows

An institutional investor recently raised its position in American Resources stock. Vanguard Group Inc. grew its position in American Resources Co. (NASDAQ:AREC) by 7.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,988,101 shares of the company’s stock after buying an additional 216,800 shares during the quarter. Vanguard Group Inc. owned approximately 3.77% of American Resources worth $4,213,000 at the end of the most recent quarter. Institutional investors and hedge funds own 9.32% of the company’s stock.

American Resources Stock Performance

Shares of NASDAQ:AREC traded up $0.02 during trading hours on Tuesday, hitting $0.63. 204,724 shares of the company’s stock traded hands, compared to its average volume of 327,537. American Resources has a 52 week low of $0.59 and a 52 week high of $1.94. The company has a debt-to-equity ratio of 230.66, a quick ratio of 0.29 and a current ratio of 0.30. The company’s fifty day simple moving average is $0.88 and its two-hundred day simple moving average is $1.23.

American Resources (NASDAQ:AREC) last posted its quarterly earnings data on Monday, May 20th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.03. American Resources had a negative net margin of 179.75% and a negative return on equity of 978.72%. The company had revenue of $0.09 million during the quarter, compared to analyst estimates of $0.10 million. During the same quarter last year, the firm posted ($0.04) EPS. Research analysts forecast that American Resources will post -0.13 EPS for the current year.

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.