Anglo American (OTCMKTS:NGLOY) Shares Shorted: Short Interest Up 94.0% in October

Anglo American (OTCMKTS:NGLOY) saw a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 193,110 shares, an increase of 94.0% from the October 15th total of 99,546 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 842,022 shares, the short-interest ratio is presently 0.2 days.

Anglo American Stock Performance

Shares of OTCMKTS NGLOY traded down $0.29 during mid-day trading on Friday, reaching $24.84. 244,299 shares of the company’s stock traded hands, compared to its average volume of 512,392. The business has a 50-day simple moving average of $26.45 and a 200 day simple moving average of $25.26. Anglo American has a 1-year low of $17.49 and a 1-year high of $29.61. The company has a quick ratio of 1.78, a current ratio of 2.21 and a debt-to-equity ratio of 0.68.

Analyst Ratings Changes

NGLOY has been the topic of several recent research reports. Zacks Research upgraded Anglo American from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Scotiabank initiated coverage on Anglo American in a research note on Tuesday, September 8th. They issued an “outperform” rating for the company. JPMorgan Chase & Co. upgraded Anglo American from an “underweight” rating to a “neutral” rating in a report on Wednesday, October 14th. Finally, Freedom Broker downgraded Anglo American from a “hold” rating to a “strong sell” rating in a report on Friday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Anglo American has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

Anglo American Company Profile

Anglo American is a global mining company founded in South Africa in 1917 and headquartered in London. It develops and operates mines and related processing businesses, with a portfolio that has included copper, iron ore, platinum-group metals and diamonds. The company’s operations and projects have spanned Africa, Australia, South America and North America. Its products serve industries including construction, transportation, manufacturing and consumer goods. Anglo American has grown from its South African origins into an international mining group, combining resource development with processing and marketing activities.