AngloGold Ashanti Limited (NYSE:AU) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 5,610,308 shares, an increase of 49.1% from the November 30th total of 3,763,117 shares. Based on an average trading volume of 3,854,254 shares, the days-to-cover ratio is currently 1.5 days.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Commerzbank Aktiengesellschaft FI increased its holdings in AngloGold Ashanti by 26.0% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 1,187,984 shares of the mining company’s stock valued at $11,036,000 after purchasing an additional 244,887 shares during the last quarter. Balyasny Asset Management LLC bought a new stake in AngloGold Ashanti in the second quarter valued at about $183,000. Exane Derivatives increased its holdings in AngloGold Ashanti by 235.7% in the third quarter. Exane Derivatives now owns 145,754 shares of the mining company’s stock valued at $1,354,000 after purchasing an additional 102,336 shares during the last quarter. Gabelli Funds LLC increased its holdings in AngloGold Ashanti by 23.8% in the third quarter. Gabelli Funds LLC now owns 1,199,200 shares of the mining company’s stock valued at $11,141,000 after purchasing an additional 230,500 shares during the last quarter. Finally, Oaktree Capital Management LP increased its holdings in AngloGold Ashanti by 5.2% in the third quarter. Oaktree Capital Management LP now owns 3,237,041 shares of the mining company’s stock valued at $30,072,000 after purchasing an additional 159,816 shares during the last quarter. Institutional investors and hedge funds own 31.27% of the company’s stock.
Shares of AngloGold Ashanti (AU) opened at $10.60 on Thursday. The company has a market capitalization of $4,290.00, a PE ratio of -26.50, a P/E/G ratio of 0.27 and a beta of -1.40. The company has a quick ratio of 0.65, a current ratio of 1.57 and a debt-to-equity ratio of 0.88. AngloGold Ashanti has a fifty-two week low of $8.86 and a fifty-two week high of $13.68.
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AngloGold Ashanti Company Profile
AngloGold Ashanti Limited (AngloGold Ashanti) is a gold mining company. The Company’s business activities span the spectrum of the mining value chain. Its main product is gold. Its portfolio includes over 17 mines in approximately nine countries. It also produces silver, uranium and sulfuric acid as by-products.
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