Anglo American (OTCMKTS:NGLOY) Short Interest Down 53.6% in March

Anglo American (OTCMKTS:NGLOY) was the target of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 134,369 shares, a decrease of 53.6% from the February 26th total of 289,805 shares. Based on an average daily volume of 946,280 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

NGLOY has been the subject of a number of recent analyst reports. DZ Bank raised Anglo American from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Anglo American in a research note on Monday, February 23rd. JPMorgan Chase & Co. cut shares of Anglo American from a “neutral” rating to an “underweight” rating in a report on Monday, March 9th. Barclays restated an “overweight” rating on shares of Anglo American in a report on Wednesday, February 25th. Finally, Citigroup raised shares of Anglo American from a “neutral” rating to a “buy” rating in a research note on Monday, February 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Anglo American has an average rating of “Moderate Buy” and an average target price of $20.00.

Anglo American Stock Performance

OTCMKTS:NGLOY traded up $0.02 on Friday, hitting $20.40. 1,174,689 shares of the company’s stock traded hands, compared to its average volume of 489,747. The company has a current ratio of 1.98, a quick ratio of 1.54 and a debt-to-equity ratio of 0.60. Anglo American has a 1 year low of $12.70 and a 1 year high of $26.04. The firm has a 50-day moving average price of $23.09 and a 200-day moving average price of $20.56.

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.