American Resources drops 13% after short report from Iceberg Research
- American Resources Corp. (NASDAQ:AREC) fell 13% after a new short report from Iceberg Research.
- Iceberg alleges that American Resources has a "low-quality" mining business. Iceberg is short AREC.
- American Resources declined to comment to Seeking Alpha on the short report.
- American Resources (AREC) short interest is 4.7%.
- Earlier this month American Resources (AREC) reported Q3 results.