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

Anglo American plc (OTCMKTS:NGLOY) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 21,300 shares, a decrease of 81.0% from the November 30th total of 112,100 shares. Based on an average daily volume of 312,600 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group upgraded shares of Anglo American from a “hold” rating to a “buy” rating in a research report on Friday, November 29th. Citigroup raised shares of Anglo American to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, Berenberg Bank cut shares of Anglo American from a “hold” rating to a “strong sell” rating in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Anglo American presently has an average rating of “Moderate Buy”.

Anglo American Price Performance

OTCMKTS:NGLOY traded down $0.22 during trading hours on Friday, hitting $14.71. The company’s stock had a trading volume of 106,064 shares, compared to its average volume of 346,920. Anglo American has a 52-week low of $10.69 and a 52-week high of $17.60. The company has a current ratio of 1.98, a quick ratio of 1.33 and a debt-to-equity ratio of 0.56. The business’s 50-day moving average is $15.35 and its two-hundred day moving average is $15.03.

Anglo American Company Profile

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.