Short Interest in Anglo American (OTCMKTS:NGLOY) Grows By 186.2%

Anglo American (OTCMKTS:NGLOY) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 676,044 shares, a growth of 186.2% from the April 30th total of 236,233 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 1,026,873 shares, the days-to-cover ratio is presently 0.7 days.

Anglo American Price Performance

NGLOY stock traded down $0.32 during midday trading on Friday, reaching $26.92. 371,023 shares of the company’s stock traded hands, compared to its average volume of 441,956. The company has a current ratio of 1.98, a quick ratio of 1.54 and a debt-to-equity ratio of 0.60. Anglo American has a fifty-two week low of $13.33 and a fifty-two week high of $28.04. The business has a 50-day moving average price of $24.20 and a two-hundred day moving average price of $22.44.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. JPMorgan Chase & Co. cut shares of Anglo American from a “neutral” rating to an “underweight” rating in a research note on Monday, March 9th. Oddo Bhf upgraded shares of Anglo American to an “outperform” rating in a report on Wednesday, April 15th. DZ Bank upgraded shares of Anglo American from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Anglo American in a report on Friday, May 15th. Finally, Barclays reiterated an “overweight” rating on shares of Anglo American in a report on Wednesday, February 25th. Two investment 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $20.00.

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.