Anglo American (OTCMKTS:NGLOY) Short Interest Down 36.4% in April

Anglo American (OTCMKTS:NGLOY) was the recipient of a large drop in short interest in the month of April. As of April 15th, there was short interest totaling 128,609 shares, a drop of 36.4% from the March 31st total of 202,197 shares. Based on an average daily volume of 988,524 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Oddo Bhf raised Anglo American to an “outperform” rating in a research note on Wednesday, April 15th. Citigroup raised Anglo American from a “neutral” rating to a “buy” rating in a research note on Monday, February 2nd. Barclays reissued an “overweight” rating on shares of Anglo American in a research note on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Anglo American in a research note on Monday, February 23rd. Finally, JPMorgan Chase & Co. downgraded Anglo American from a “neutral” rating to an “underweight” rating in a research note on Monday, March 9th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $20.00.

Anglo American Price Performance

Shares of OTCMKTS NGLOY traded up $0.26 during mid-day trading on Thursday, hitting $24.17. The company had a trading volume of 149,380 shares, compared to its average volume of 616,346. The firm has a 50-day simple moving average of $22.95 and a two-hundred day simple moving average of $21.44. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.98 and a quick ratio of 1.54. Anglo American has a one year low of $13.33 and a one year high of $26.23.

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.