Anglo American plc (OTCMKTS:NGLOY) Short Interest Update

Anglo American plc (OTCMKTS:NGLOY) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totalling 67,300 shares, an increase of 490.4% from the March 15th total of 11,400 shares. Based on an average trading volume of 315,600 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

Anglo American Stock Down 0.8 %

OTCMKTS:NGLOY traded down $0.10 during trading hours on Monday, hitting $13.08. 492,396 shares of the company’s stock traded hands, compared to its average volume of 260,666. Anglo American has a 52 week low of $11.18 and a 52 week high of $17.60. The business’s fifty day simple moving average is $14.49 and its two-hundred day simple moving average is $15.00. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.98 and a quick ratio of 1.33.

Anglo American Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, March 14th.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Sanford C. Bernstein downgraded Anglo American from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Citigroup downgraded shares of Anglo American from a “strong-buy” rating to a “hold” rating in a report on Friday, January 24th. Royal Bank of Canada upgraded shares of Anglo American from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 18th. Finally, Clarkson Capital upgraded shares of Anglo American to a “strong-buy” rating in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Anglo American has an average rating of “Moderate Buy”.

About Anglo American

Anglo American plc operates as a mining company in the United Kingdom and internationally. It explores for rough and polished diamonds, copper, platinum group metals and nickel, steelmaking coal, and iron ore; and nickel, polyhalite, and manganese ores. Anglo American plc was founded in 1917 and is headquartered in London, the United Kingdom.