Anglo American (OTCMKTS:NGLOY) Short Interest Down 28.8% in January

Anglo American (OTCMKTS:NGLOY) was the target of a large decrease in short interest in January. As of January 30th, there was short interest totaling 433,258 shares, a decrease of 28.8% from the January 15th total of 608,568 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 1,900,988 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 1,900,988 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

Anglo American Stock Up 0.1%

NGLOY stock traded up $0.02 on Monday, hitting $24.64. 468,512 shares of the company’s stock were exchanged, compared to its average volume of 738,852. The firm has a 50 day moving average price of $21.80 and a two-hundred day moving average price of $18.97. Anglo American has a 12-month low of $12.70 and a 12-month high of $25.72. The company has a quick ratio of 1.65, a current ratio of 2.11 and a debt-to-equity ratio of 0.59.

Wall Street Analyst Weigh In

Separately, Citigroup upgraded shares of Anglo American from a “neutral” rating to a “buy” rating in a report on Monday, February 2nd. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $20.00.

About Anglo American

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.