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

Anglo American Platinum Limited (OTCMKTS:ANGPY) was the target of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 13,213 shares, a decrease of 58.1% from the July 30th total of 31,547 shares. Based on an average trading volume of 212,439 shares, the days-to-cover ratio is presently 0.1 days.

Anglo American Platinum Stock Up 1.1%

Shares of OTCMKTS:ANGPY traded up $0.16 during mid-day trading on Friday, hitting $14.77. 110,943 shares of the company traded hands, compared to its average volume of 120,581. The stock has a 50-day moving average price of $12.63 and a two-hundred day moving average price of $13.84. Anglo American Platinum has a 12-month low of $7.48 and a 12-month high of $19.71.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Jefferies Financial Group raised shares of Anglo American Platinum to a “hold” rating in a research note on Monday, August 3rd. Zacks Research upgraded shares of Anglo American Platinum from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

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.