Anglo American Platinum Limited (OTCMKTS:ANGPY) Sees Significant Increase in Short Interest

Anglo American Platinum Limited (OTCMKTS:ANGPY) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 21,524 shares, a growth of 241.2% from the June 30th total of 6,308 shares. Based on an average daily volume of 320,406 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Anglo American Platinum from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Anglo American Platinum Trading Up 1.9%

Shares of OTCMKTS ANGPY opened at $11.28 on Tuesday. Anglo American Platinum has a fifty-two week low of $7.36 and a fifty-two week high of $19.71. The stock has a fifty day moving average of $12.05 and a 200-day moving average of $14.13.

Anglo American Platinum Company Profile

Anglo American Platinum PLC, trading in the United States as ADRs under the symbol ANGPY, is the world’s largest primary producer of platinum group metals (PGMs). The company’s core activities encompass the mining, processing and marketing of PGMs, which include platinum, palladium, rhodium, ruthenium and iridium. In addition to these key metals, Anglo American Platinum also produces by-product nickel, copper, cobalt and chrome, leveraging its extensive mineral reserves.

The company’s mining operations are concentrated in South Africa’s Bushveld Complex, one of the richest PGM-bearing geological formations in the world.