Anglo American (OTCMKTS:NGLOY) Short Interest Update

Anglo American (OTCMKTS:NGLOY) was the recipient of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 289,805 shares, an increase of 43.9% from the February 12th total of 201,367 shares. Based on an average trading volume of 639,825 shares, the short-interest ratio is presently 0.5 days. Currently, 0.0% of the company’s shares are short sold. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 639,825 shares, the short-interest ratio is presently 0.5 days.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NGLOY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Anglo American in a research note on Monday, February 23rd. DZ Bank upgraded Anglo American from a “hold” rating to a “strong-buy” rating in a 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. Barclays restated an “overweight” rating on shares of Anglo American in a report on Wednesday, February 25th. Finally, JPMorgan Chase & Co. lowered shares of Anglo American from a “neutral” rating to an “underweight” rating in a research note on Monday, March 9th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $20.00.

Anglo American Stock Performance

Shares of OTCMKTS NGLOY opened at $20.75 on Friday. Anglo American has a 1 year low of $12.70 and a 1 year high of $26.04. The firm has a 50-day simple moving average of $23.34 and a two-hundred day simple moving average of $20.19. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.98 and a quick ratio of 1.65.

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.