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

Alpha Metallurgical Resources, Inc. (NYSE:AMR) was the recipient of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 931,500 shares, a decrease of 6.9% from the October 15th total of 1,000,000 shares. Approximately 8.6% of the shares of the stock are short sold. Based on an average daily volume of 221,800 shares, the days-to-cover ratio is presently 4.2 days.

Alpha Metallurgical Resources Stock Up 0.4 %

Shares of AMR opened at $236.01 on Monday. Alpha Metallurgical Resources has a 52-week low of $185.00 and a 52-week high of $452.00. The company has a market capitalization of $3.07 billion, a PE ratio of 8.66 and a beta of 1.33. The stock has a fifty day simple moving average of $218.68 and a two-hundred day simple moving average of $260.68.

Alpha Metallurgical Resources (NYSE:AMR) last announced its earnings results on Friday, November 1st. The energy company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $1.60 by ($1.31). Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The firm had revenue of $671.90 million for the quarter, compared to analysts’ expectations of $672.95 million. During the same quarter last year, the business earned $6.65 earnings per share. The business’s revenue was down 9.4% compared to the same quarter last year. As a group, equities analysts anticipate that Alpha Metallurgical Resources will post 16.87 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Alpha Metallurgical Resources

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Creative Planning raised its stake in shares of Alpha Metallurgical Resources by 2.9% during the second quarter. Creative Planning now owns 1,529 shares of the energy company’s stock worth $429,000 after purchasing an additional 43 shares during the last quarter. Linden Thomas Advisory Services LLC grew its holdings in Alpha Metallurgical Resources by 0.6% in the second quarter. Linden Thomas Advisory Services LLC now owns 7,823 shares of the energy company’s stock valued at $2,195,000 after purchasing an additional 47 shares during the last quarter. SummerHaven Investment Management LLC grew its holdings in Alpha Metallurgical Resources by 1.0% in the second quarter. SummerHaven Investment Management LLC now owns 4,876 shares of the energy company’s stock valued at $1,368,000 after purchasing an additional 48 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Alpha Metallurgical Resources by 124.6% during the third quarter. GAMMA Investing LLC now owns 137 shares of the energy company’s stock valued at $32,000 after acquiring an additional 76 shares during the last quarter. Finally, Meixler Investment Management Ltd. boosted its stake in shares of Alpha Metallurgical Resources by 1.4% during the second quarter. Meixler Investment Management Ltd. now owns 5,596 shares of the energy company’s stock valued at $1,570,000 after acquiring an additional 78 shares during the last quarter. 84.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AMR has been the subject of several recent research reports. B. Riley reduced their price objective on Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating for the company in a research note on Friday, September 6th. Benchmark reissued a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Monday, November 4th.

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.