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

Alpha Metallurgical Resources, Inc. (NYSE:AMR) was the recipient of a large growth in short interest in the month of 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. Currently, 10.9% of the company’s stock are sold short. Based on an average trading volume of 242,200 shares, the short-interest ratio is currently 4.9 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Pacer Advisors Inc. increased its holdings in shares of Alpha Metallurgical Resources by 30.2% in the 3rd quarter. Pacer Advisors Inc. now owns 798,584 shares of the energy company’s stock worth $188,610,000 after buying an additional 185,376 shares during the last quarter. Norges Bank bought a new position in shares of Alpha Metallurgical Resources during the 4th quarter worth approximately $26,332,000. Jacobs Levy Equity Management Inc. acquired a new position in Alpha Metallurgical Resources during the 4th quarter valued at approximately $6,958,000. American Century Companies Inc. grew its position in Alpha Metallurgical Resources by 9.8% during the 4th quarter. American Century Companies Inc. now owns 359,006 shares of the energy company’s stock worth $71,844,000 after purchasing an additional 32,027 shares during the period. Finally, Nomura Holdings Inc. lifted its holdings in shares of Alpha Metallurgical Resources by 1,706.0% in the 4th quarter. Nomura Holdings Inc. now owns 30,702 shares of the energy company’s stock valued at $6,144,000 after buying an additional 29,002 shares during the period. 84.29% of the stock is currently owned by institutional investors.

Alpha Metallurgical Resources Price Performance

AMR stock traded down $3.27 during midday trading on Wednesday, hitting $126.69. The stock had a trading volume of 114,775 shares, compared to its average volume of 210,238. Alpha Metallurgical Resources has a 52-week low of $123.57 and a 52-week high of $361.17. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 4.64 and a beta of 1.50. The business has a 50-day moving average of $167.59 and a two-hundred day moving average of $201.51.

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

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.