Short Interest in Alpha Metallurgical Resources, Inc. (NYSE:AMR) Increases By 17.8%

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

Hedge Funds Weigh In On Alpha Metallurgical Resources

A number of hedge funds have recently modified their holdings of the stock. Empowered Funds LLC increased its holdings 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 acquired a new stake in Alpha Metallurgical Resources during the 4th quarter valued at $4,100,000. Barclays PLC increased its holdings in Alpha Metallurgical Resources by 309.2% during the 3rd quarter. Barclays PLC now owns 18,646 shares of the energy company’s stock valued at $4,402,000 after purchasing an additional 14,089 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Alpha Metallurgical Resources during the 4th quarter valued at $3,564,000. Finally, Victory Capital Management Inc. increased its holdings in Alpha Metallurgical Resources by 22.4% during the 3rd quarter. Victory Capital Management Inc. now owns 15,441 shares of the energy company’s stock valued at $3,647,000 after purchasing an additional 2,823 shares in the last quarter. 84.29% of the stock is owned by institutional investors and hedge funds.

Alpha Metallurgical Resources Trading Down 1.3 %

Shares of AMR opened at $125.20 on Friday. Alpha Metallurgical Resources has a 1 year low of $122.20 and a 1 year high of $361.17. The stock has a 50 day simple moving average of $165.14 and a 200-day simple moving average of $200.46. The stock has a market cap of $1.63 billion, a PE ratio of 4.59 and a beta of 1.50.

Alpha Metallurgical Resources (NYSE:AMR) last issued its earnings results on Friday, February 28th. The energy company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.09). Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The company had revenue of $617.30 million during the quarter, compared to analyst estimates of $658.20 million. During the same period in the previous year, the company posted $12.88 earnings per share. The company’s quarterly revenue was down 35.7% on a year-over-year basis. On average, sell-side analysts forecast that Alpha Metallurgical Resources will post 14.31 EPS for the current fiscal year.

Alpha Metallurgical Resources Company Profile

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.