Short Interest in Anglo American (OTCMKTS:NGLOY) Decreases By 28.8%

Anglo American (OTCMKTS:NGLOY) was the target of a significant decrease in short interest in January. As of January 30th, there was short interest totaling 433,258 shares, a decrease of 28.8% from the January 15th total of 608,568 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 1,900,988 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 1,900,988 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 Up 0.1%

Shares of OTCMKTS:NGLOY opened at $24.64 on Friday. Anglo American has a fifty-two week low of $12.70 and a fifty-two week high of $25.72. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.11 and a quick ratio of 1.65. The company’s 50-day moving average is $21.80 and its 200 day moving average is $18.93.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded shares of Anglo American from a “neutral” rating to a “buy” rating in a report on Monday, February 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $20.00.

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.