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

Anglo American (OTCMKTS:NGLOY) was the recipient of a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 201,367 shares, a decline of 53.5% from the January 29th total of 433,258 shares. Based on an average daily trading volume, of 918,651 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 918,651 shares, the short-interest ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

NGLOY has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Anglo American in a research report on Monday, February 23rd. Barclays restated an “overweight” rating on shares of Anglo American in a research note on Wednesday. DZ Bank upgraded Anglo American from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Finally, Citigroup raised shares of Anglo American from a “neutral” rating to a “buy” rating in a research note on Monday, February 2nd. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $20.00.

Anglo American Stock Performance

OTCMKTS NGLOY opened at $25.00 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.65 and a current ratio of 2.11. The firm has a 50-day moving average of $22.91 and a 200-day moving average of $19.68. Anglo American has a 52-week low of $12.70 and a 52-week high of $26.04.

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.