Anglo American (OTCMKTS:NGLOY) Short Interest Up 83.7% in April

Anglo American (OTCMKTS:NGLOY) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 236,233 shares, an increase of 83.7% from the April 15th total of 128,609 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 1,239,767 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Citigroup raised shares of Anglo American from a “neutral” rating to a “buy” rating in a research report on Monday, February 2nd. JPMorgan Chase & Co. downgraded shares of Anglo American from a “neutral” rating to an “underweight” rating in a research report on Monday, March 9th. Barclays reissued an “overweight” rating on shares of Anglo American in a research report on Wednesday, February 25th. Oddo Bhf raised shares of Anglo American to an “outperform” rating in a research report on Wednesday, April 15th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Anglo American in a research report on Friday. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Anglo American currently has an average rating of “Moderate Buy” and a consensus price target of $20.00.

Anglo American Price Performance

OTCMKTS:NGLOY opened at $25.68 on Monday. The firm’s 50-day moving average price is $23.27 and its 200-day moving average price is $21.94. The company has a quick ratio of 1.54, a current ratio of 1.98 and a debt-to-equity ratio of 0.60. Anglo American has a 1-year low of $13.33 and a 1-year high of $28.04.

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.