Short Interest in Anglo American (OTCMKTS:NGLOY) Grows By 335.4%

Anglo American (OTCMKTS:NGLOY) saw a large increase in short interest in January. As of January 15th, there was short interest totaling 608,568 shares, an increase of 335.4% from the December 31st total of 139,777 shares. Based on an average daily volume of 1,596,861 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 1,596,861 shares, the short-interest ratio is currently 0.4 days.

Anglo American Trading Up 1.5%

OTCMKTS:NGLOY opened at $24.66 on Friday. The stock has a fifty day simple moving average of $20.61 and a 200 day simple moving average of $18.22. Anglo American has a 1-year low of $12.70 and a 1-year high of $25.60. The company has a current ratio of 2.11, a quick ratio of 1.65 and a debt-to-equity ratio of 0.59.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank set a $20.00 target price on shares of Anglo American in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus 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.