Short Interest in CONSOL Coal Resources LP (NYSE:CCR) Grows By 31.3%

CONSOL Coal Resources LP (NYSE:CCR) was the target of a large increase in short interest in June. As of June 30th, there was short interest totalling 21,400 shares, an increase of 31.3% from the May 30th total of 16,300 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 24,300 shares, the short-interest ratio is presently 0.9 days.

In related news, Director Consol Energy Inc. acquired 6,884 shares of the stock in a transaction on Friday, May 10th. The shares were acquired at an average price of $17.32 per share, for a total transaction of $119,230.88. The purchase was disclosed in a filing with the SEC, which is available at this link.

Several large investors have recently made changes to their positions in the company. Geode Capital Management LLC bought a new stake in shares of CONSOL Coal Resources during the fourth quarter valued at approximately $611,000. Barclays PLC bought a new stake in shares of CONSOL Coal Resources during the fourth quarter valued at approximately $34,000. Edge Capital Group LLC bought a new stake in shares of CONSOL Coal Resources during the fourth quarter valued at approximately $738,000. Macquarie Group Ltd. bought a new stake in shares of CONSOL Coal Resources during the fourth quarter valued at approximately $116,000. Finally, Deutsche Bank AG raised its position in shares of CONSOL Coal Resources by 10.7% during the fourth quarter. Deutsche Bank AG now owns 55,907 shares of the energy company’s stock valued at $917,000 after buying an additional 5,407 shares during the last quarter. Hedge funds and other institutional investors own 22.18% of the company’s stock.

CONSOL Coal Resources stock traded down $0.32 during mid-day trading on Friday, hitting $16.25. The company had a trading volume of 16,500 shares, compared to its average volume of 26,133. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.63 and a quick ratio of 0.46. CONSOL Coal Resources has a 12-month low of $14.58 and a 12-month high of $21.13. The firm’s fifty day moving average is $16.03. The stock has a market cap of $457.63 million, a P/E ratio of 6.86 and a beta of 0.97.

CONSOL Coal Resources (NYSE:CCR) last released its quarterly earnings data on Wednesday, May 8th. The energy company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.10. CONSOL Coal Resources had a return on equity of 26.44% and a net margin of 16.99%. The business had revenue of $86.11 million for the quarter, compared to analyst estimates of $87.25 million. On average, sell-side analysts expect that CONSOL Coal Resources will post 2.01 earnings per share for the current fiscal year.

Separately, Zacks Investment Research upgraded DLH from a “sell” rating to a “hold” rating in a research report on Tuesday.

CONSOL Coal Resources Company Profile

CONSOL Coal Resources LP produces and sells high-Btu thermal coal in the Northern Appalachian Basin and the eastern United States. It owns a 25% undivided interest in the Pennsylvania mining complex, which consists of three underground mines and related infrastructure that produce high-Btu bituminous thermal coal located primarily in southwestern Pennsylvania.

Further Reading: Relative Strength Index

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