Anglo American (OTCMKTS:NGLOY) Short Interest Update

Anglo American (OTCMKTS:NGLOY) was the target of a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 205,019 shares, a drop of 19.7% from the November 30th total of 255,271 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 1,139,074 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 1,139,074 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Anglo American Price Performance

NGLOY stock traded up $0.31 during trading on Wednesday, reaching $20.66. 82,031 shares of the stock were exchanged, compared to its average volume of 328,444. The business has a 50 day moving average price of $19.04 and a 200-day moving average price of $17.09. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.11 and a quick ratio of 1.65. Anglo American has a 1 year low of $12.70 and a 1 year high of $20.73.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NGLOY. Berenberg Bank set a $20.00 price target on Anglo American in a report on Wednesday, October 8th. DZ Bank downgraded shares of Anglo American from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 11th. Finally, Citigroup reissued a “neutral” rating on shares of Anglo American in a report on Friday, September 26th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $20.00.

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.