Anglo American (OTCMKTS:NGLOY) Short Interest Down 70.9% in June

Anglo American (OTCMKTS:NGLOY) was the target of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 238,613 shares, a decline of 70.9% from the May 31st total of 820,469 shares. Based on an average daily trading volume, of 660,336 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the shares of the stock are sold short.

Anglo American Stock Performance

Shares of Anglo American stock traded down $0.19 on Friday, hitting $24.31. 368,018 shares of the company’s stock traded hands, compared to its average volume of 339,559. The firm’s 50-day moving average price is $25.94 and its two-hundred day moving average price is $23.50. Anglo American has a one year low of $13.56 and a one year high of $29.00. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.54 and a current ratio of 1.98.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on NGLOY shares. Freedom Capital lowered shares of Anglo American from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. JPMorgan Chase & Co. downgraded shares of Anglo American from a “neutral” rating to an “underweight” rating in a research note on Monday, March 9th. Oddo Bhf upgraded shares of Anglo American to an “outperform” rating in a research report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Anglo American in a research report on Friday, May 15th. Finally, Berenberg Bank set a $28.00 price target on shares of Anglo American and gave the company a “hold” rating in a research note on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

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.