Anglo American (OTCMKTS:NGLOY) Short Interest Update

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

Anglo American Stock Performance

Shares of NGLOY opened at $26.92 on Monday. The stock has a fifty day moving average price of $24.20 and a two-hundred day moving average price of $22.47. 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 52-week low of $13.33 and a 52-week high of $28.04.

Wall Street Analyst Weigh In

NGLOY has been the topic of several recent analyst reports. Citigroup raised Anglo American from a “neutral” rating to a “buy” rating in a research note on Monday, February 2nd. JPMorgan Chase & Co. lowered shares of Anglo American from a “neutral” rating to an “underweight” rating in a report on Monday, March 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Anglo American in a report on Friday, May 15th. Oddo Bhf raised shares of Anglo American to an “outperform” rating in a report on Wednesday, April 15th. Finally, DZ Bank raised shares of Anglo American from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 25th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Anglo American currently has a consensus rating of “Moderate Buy” and an average target price of $20.00.

Anglo American Company Profile

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.