American Resources Co. (NASDAQ:AREC) Short Interest Up 30.0% in February

American Resources Co. (NASDAQ:ARECGet Free Report) was the target of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 3,550,000 shares, a growth of 30.0% from the February 13th total of 2,730,000 shares. Based on an average trading volume of 891,800 shares, the days-to-cover ratio is currently 4.0 days. Approximately 6.9% of the company’s shares are short sold.

American Resources Stock Performance

AREC opened at $0.48 on Monday. The stock has a market capitalization of $37.16 million, a PE ratio of -1.23 and a beta of 0.31. American Resources has a one year low of $0.41 and a one year high of $1.78. The business’s 50 day moving average price is $0.64 and its 200 day moving average price is $0.84.

Analysts Set New Price Targets

Separately, D. Boral Capital reissued a “buy” rating and issued a $4.00 price objective on shares of American Resources in a report on Tuesday, January 7th.

Get Our Latest Analysis on American Resources

Hedge Funds Weigh In On American Resources

Several large investors have recently modified their holdings of the business. Virtu Financial LLC purchased a new stake in American Resources in the 4th quarter valued at about $28,000. Jane Street Group LLC increased its position in shares of American Resources by 84.5% during the fourth quarter. Jane Street Group LLC now owns 43,809 shares of the company’s stock valued at $44,000 after acquiring an additional 20,070 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of American Resources by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 637,722 shares of the company’s stock valued at $580,000 after acquiring an additional 15,350 shares during the period. Institutional investors and hedge funds own 9.32% of the company’s stock.

About American Resources

(Get Free Report)

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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