Anglo American Platinum Limited (OTCMKTS:ANGPY) Sees Large Increase in Short Interest

Anglo American Platinum Limited (OTCMKTS:ANGPY) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 21,524 shares, a growth of 241.2% from the June 30th total of 6,308 shares. Based on an average daily volume of 320,406 shares, the short-interest ratio is currently 0.1 days.

Anglo American Platinum Stock Performance

Shares of Anglo American Platinum stock opened at $11.07 on Monday. The stock has a 50 day moving average of $12.09 and a 200 day moving average of $14.16. Anglo American Platinum has a fifty-two week low of $7.36 and a fifty-two week high of $19.71.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Anglo American Platinum from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

About Anglo American Platinum

Anglo American Platinum PLC, trading in the United States as ADRs under the symbol ANGPY, is the world’s largest primary producer of platinum group metals (PGMs). The company’s core activities encompass the mining, processing and marketing of PGMs, which include platinum, palladium, rhodium, ruthenium and iridium. In addition to these key metals, Anglo American Platinum also produces by-product nickel, copper, cobalt and chrome, leveraging its extensive mineral reserves.

The company’s mining operations are concentrated in South Africa’s Bushveld Complex, one of the richest PGM-bearing geological formations in the world.