Anglo American (OTCMKTS:NGLOY) Shares Shorted: Short Interest Up 94.0% in October

Anglo American (OTCMKTS:NGLOY) was the target of a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 193,110 shares, a growth of 94.0% from the October 15th total of 99,546 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 842,022 shares, the days-to-cover ratio is presently 0.2 days.

Anglo American Trading Down 1.2%

Shares of Anglo American stock traded down $0.29 during mid-day trading on Friday, hitting $24.84. 244,299 shares of the stock were exchanged, compared to its average volume of 512,392. Anglo American has a 12 month low of $17.49 and a 12 month high of $29.61. The company has a 50-day simple moving average of $26.45 and a 200 day simple moving average of $25.26. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.21 and a quick ratio of 1.78.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Scotiabank began coverage on Anglo American in a research note on Tuesday, September 8th. They set an “outperform” rating on the stock. Freedom Broker lowered shares of Anglo American from a “hold” rating to a “strong sell” rating in a research note on Friday, October 23rd. Zacks Research upgraded shares of Anglo American from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Finally, JPMorgan Chase & Co. raised shares of Anglo American from an “underweight” rating to a “neutral” rating in a research report on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $28.00.

About Anglo American

Anglo American is a global mining company founded in South Africa in 1917 and headquartered in London. It develops and operates mines and related processing businesses, with a portfolio that has included copper, iron ore, platinum-group metals and diamonds. The company’s operations and projects have spanned Africa, Australia, South America and North America. Its products serve industries including construction, transportation, manufacturing and consumer goods. Anglo American has grown from its South African origins into an international mining group, combining resource development with processing and marketing activities.