Anglo American (OTCMKTS:NGLOY) Short Interest Up 186.2% in May

Anglo American (OTCMKTS:NGLOY) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 676,044 shares, an increase of 186.2% from the April 30th total of 236,233 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 1,026,873 shares, the days-to-cover ratio is presently 0.7 days.

Wall Street Analysts Forecast Growth

NGLOY has been the topic of a number of research analyst reports. Citigroup raised Anglo American from a “neutral” rating to a “buy” rating in a research report on Monday, February 2nd. Oddo Bhf raised Anglo American to an “outperform” rating in a research report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Anglo American in a research report on Friday, May 15th. DZ Bank raised Anglo American from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 25th. Finally, Barclays reaffirmed an “overweight” rating on shares of Anglo American in a research report on Wednesday, February 25th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $20.00.

Anglo American Stock Performance

NGLOY stock traded down $0.32 during mid-day trading on Friday, reaching $26.92. The company had a trading volume of 371,023 shares, compared to its average volume of 441,956. Anglo American has a 52 week low of $13.33 and a 52 week high of $28.04. The stock has a 50 day simple moving average of $24.20 and a two-hundred day simple moving average of $22.44. The company has a quick ratio of 1.54, a current ratio of 1.98 and a debt-to-equity ratio of 0.60.

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.