American Resources Co. (NASDAQ:AREC) Short Interest Update

American Resources Co. (NASDAQ:AREC) was the recipient of a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 2,470,000 shares, a decrease of 12.1% from the November 15th total of 2,810,000 shares. Currently, 4.8% of the company’s shares are short sold. Based on an average daily trading volume, of 318,500 shares, the days-to-cover ratio is currently 7.8 days.

American Resources Trading Down 3.3 %

Shares of AREC stock traded down $0.04 on Friday, hitting $1.19. The stock had a trading volume of 129,148 shares, compared to its average volume of 309,369. American Resources has a twelve month low of $0.41 and a twelve month high of $1.78. The company has a fifty day moving average price of $1.10 and a two-hundred day moving average price of $0.84. The firm has a market cap of $92.13 million, a P/E ratio of -3.05 and a beta of 0.21.

Analysts Set New Price Targets

A number of brokerages have issued reports on AREC. Roth Mkm reduced their target price on American Resources from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Monday, September 30th. D. Boral Capital reissued a “buy” rating and set a $4.00 price objective on shares of American Resources in a research note on Thursday, November 21st.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in American Resources stock. Vanguard Group Inc. lifted its holdings in American Resources Co. (NASDAQ:AREC) by 7.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,988,101 shares of the company’s stock after purchasing an additional 216,800 shares during the quarter. Vanguard Group Inc. owned about 3.77% of American Resources worth $4,213,000 as of its most recent SEC filing. 9.32% of the stock is owned by institutional investors.

American Resources Company Profile

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.