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 during 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. Approximately 10.9% of the shares of the company are sold short. Based on an average daily trading volume, of 242,200 shares, the days-to-cover ratio is presently 4.9 days.

Alpha Metallurgical Resources Price Performance

Shares of AMR stock traded down $1.98 during midday trading on Thursday, hitting $124.86. The company had a trading volume of 35,939 shares, compared to its average volume of 210,102. The company’s 50 day simple moving average is $166.38 and its 200 day simple moving average is $200.98. Alpha Metallurgical Resources has a 52-week low of $123.57 and a 52-week high of $361.17. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 4.62 and a beta of 1.50.

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

Institutional Trading of Alpha Metallurgical Resources

Hedge funds have recently modified their holdings of the business. New Age Alpha Advisors LLC acquired a new stake in shares of Alpha Metallurgical Resources in the 4th quarter valued at approximately $40,000. FNY Investment Advisers LLC acquired a new stake in shares of Alpha Metallurgical Resources in the 4th quarter valued at approximately $50,000. PNC Financial Services Group Inc. lifted its holdings in shares of Alpha Metallurgical Resources by 127.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 289 shares of the energy company’s stock valued at $58,000 after buying an additional 162 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Alpha Metallurgical Resources in the 4th quarter valued at approximately $60,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Alpha Metallurgical Resources by 127.7% in the 4th quarter. GAMMA Investing LLC now owns 312 shares of the energy company’s stock valued at $62,000 after buying an additional 175 shares during the period. 84.29% of the stock is owned by institutional investors and hedge funds.

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.