AngloGold Ashanti plc (NYSE:AU) Short Interest Up 25.0% in July

AngloGold Ashanti plc (NYSE:AU) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 5,050,000 shares, an increase of 25.0% from the June 30th total of 4,040,000 shares. Based on an average daily trading volume, of 1,780,000 shares, the days-to-cover ratio is currently 2.8 days.

AngloGold Ashanti Trading Up 0.0 %

AngloGold Ashanti stock traded up $0.01 during trading on Friday, hitting $27.11. 1,020,777 shares of the company were exchanged, compared to its average volume of 1,300,701. The business’s 50 day moving average is $25.50 and its 200 day moving average is $22.38. AngloGold Ashanti has a 52 week low of $14.91 and a 52 week high of $30.09.

Institutional Trading of AngloGold Ashanti

Institutional investors and hedge funds have recently made changes to their positions in the company. Lester Murray Antman dba SimplyRich bought a new position in shares of AngloGold Ashanti in the second quarter valued at approximately $374,000. Atomi Financial Group Inc. purchased a new position in AngloGold Ashanti in the second quarter worth $227,000. Bank of New York Mellon Corp grew its stake in AngloGold Ashanti by 17.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 573,380 shares of the mining company’s stock valued at $14,409,000 after purchasing an additional 83,641 shares during the period. Blue Trust Inc. increased its position in shares of AngloGold Ashanti by 338.3% during the 2nd quarter. Blue Trust Inc. now owns 3,471 shares of the mining company’s stock valued at $87,000 after purchasing an additional 2,679 shares during the last quarter. Finally, Cigna Investments Inc. New purchased a new stake in shares of AngloGold Ashanti during the 2nd quarter valued at $206,000. Hedge funds and other institutional investors own 36.09% of the company’s stock.

Wall Street Analyst Weigh In

AU has been the subject of several recent research reports. HSBC downgraded AngloGold Ashanti from a “hold” rating to a “reduce” rating in a report on Friday, April 19th. Scotiabank boosted their price target on shares of AngloGold Ashanti from $22.00 to $26.00 and gave the company a “sector perform” rating in a research note on Thursday, May 23rd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of AngloGold Ashanti from $33.00 to $32.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $24.50.

About AngloGold Ashanti

AngloGold Ashanti plc operates as a gold mining company in Africa, Australia, and the Americas. The company primarily explores for gold, as well as produces silver and sulphuric acid as by-products. Its flagship property is a 100% owned Geita mine located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania.