Anglo American (OTCMKTS:NGLOY) Sees Significant Growth in Short Interest

Anglo American (OTCMKTS:NGLOY) was the recipient of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 289,805 shares, an increase of 43.9% from the February 12th total of 201,367 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 639,825 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 639,825 shares, the short-interest ratio is presently 0.5 days. Currently, 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NGLOY. JPMorgan Chase & Co. lowered shares of Anglo American from a “neutral” rating to an “underweight” rating in a research report on Monday, March 9th. Barclays reiterated an “overweight” rating on shares of Anglo American in a research note on Wednesday, February 25th. DZ Bank upgraded Anglo American from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 25th. Citigroup raised Anglo American from a “neutral” rating to a “buy” rating in a report on Monday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Anglo American in a research report on Monday, February 23rd. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Anglo American has an average rating of “Moderate Buy” and a consensus target price of $20.00.

Anglo American Stock Performance

Shares of NGLOY opened at $20.75 on Friday. The company’s fifty day moving average is $23.34 and its 200 day moving average is $20.19. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.65 and a current ratio of 1.98. Anglo American has a fifty-two week low of $12.70 and a fifty-two week high of $26.04.

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.