Short Interest in Anglo American (OTCMKTS:NGLOY) Grows By 50.5%

Anglo American (OTCMKTS:NGLOY) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 202,197 shares, an increase of 50.5% from the March 15th total of 134,369 shares. Based on an average trading volume of 1,009,976 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

Analyst Ratings Changes

A number of equities research analysts have issued reports on NGLOY shares. DZ Bank raised Anglo American from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 25th. Citigroup raised Anglo American from a “neutral” rating to a “buy” rating in a research report on Monday, February 2nd. JPMorgan Chase & Co. downgraded Anglo American from a “neutral” rating to an “underweight” rating in a research report on Monday, March 9th. Barclays reissued an “overweight” rating on shares of Anglo American in a research report on Wednesday, February 25th. Finally, Oddo Bhf raised Anglo American to an “outperform” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $20.00.

Anglo American Stock Down 0.4%

NGLOY stock traded down $0.10 during trading on Wednesday, reaching $24.33. The stock had a trading volume of 269,045 shares, compared to its average volume of 609,481. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.54 and a current ratio of 1.98. The firm has a fifty day moving average price of $22.89 and a 200 day moving average price of $21.03. Anglo American has a 1-year low of $13.33 and a 1-year high of $26.04.

About Anglo American

Anglo American plc is a multinational mining company headquartered in London that explores for, mines, processes and markets a broad range of commodities. Its principal activities cover the extraction and processing of bulk and specialty metals and minerals, including copper, iron ore, platinum group metals (PGMs), diamonds, nickel and both metallurgical and thermal coal. Anglo American’s operations span the full value chain from greenfield exploration and mine development through to mineral processing, smelting, refining and the sale of mined products to industrial and consumer markets worldwide.

The company has a long history in the mining industry, having been established in the early 20th century and grown into one of the world’s major mining groups.