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

Anglo American plc (OTCMKTS:NGLOY) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 324,500 shares, an increase of 355.1% from the February 29th total of 71,300 shares. Based on an average trading volume of 817,500 shares, the short-interest ratio is presently 0.4 days.

Anglo American Stock Performance

Shares of OTCMKTS NGLOY traded up $0.16 during midday trading on Wednesday, hitting $12.30. The company had a trading volume of 872,646 shares, compared to its average volume of 399,776. The company has a quick ratio of 1.17, a current ratio of 1.85 and a debt-to-equity ratio of 0.48. Anglo American has a twelve month low of $10.37 and a twelve month high of $17.46. The business has a 50-day simple moving average of $11.49 and a two-hundred day simple moving average of $12.44.

Anglo American Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 10th. Investors of record on Friday, March 15th will be paid a $0.1804 dividend. The ex-dividend date is Thursday, March 14th.

Wall Street Analyst Weigh In

NGLOY has been the topic of several analyst reports. UBS Group raised shares of Anglo American from a “neutral” rating to a “buy” rating in a report on Friday, December 1st. BMO Capital Markets downgraded shares of Anglo American from an “outperform” rating to a “market perform” rating in a report on Monday, December 11th. Finally, The Goldman Sachs Group initiated coverage on shares of Anglo American in a report on Friday, January 12th. They issued a “neutral” rating on the stock. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $2,714.00.

About Anglo American

Anglo American plc operates as a mining company in the United Kingdom and internationally. It explores for rough and polished diamonds, copper, platinum group metals and nickel, steelmaking coal, and iron ore; and nickel, polyhalite, and manganese ores. Anglo American plc was founded in 1917 and is headquartered in London, the United Kingdom.