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

Anglo American plc (OTCMKTS:NGLOY) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 67,300 shares, an increase of 490.4% from the March 15th total of 11,400 shares. Based on an average trading volume of 315,600 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Anglo American Price Performance

Shares of NGLOY traded down $0.10 during trading hours on Tuesday, reaching $13.08. The stock had a trading volume of 492,396 shares, compared to its average volume of 260,666. Anglo American has a 12 month low of $11.18 and a 12 month high of $17.60. The company has a quick ratio of 1.33, a current ratio of 1.98 and a debt-to-equity ratio of 0.56. The company’s 50-day moving average is $14.46 and its two-hundred day moving average is $14.98.

Anglo American Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, March 14th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Friday, March 14th.

Analysts Set New Price Targets

NGLOY has been the topic of a number of recent analyst reports. Sanford C. Bernstein cut shares of Anglo American from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Royal Bank of Canada raised Anglo American from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 18th. Clarkson Capital raised Anglo American to a “strong-buy” rating in a research note on Friday, February 28th. Finally, Citigroup cut Anglo American from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

About Anglo American

Anglo American plc operates as a mining company in the United Kingdom and internationally. It explores for rough and polished diamonds, copper, platinum group metals and nickel, steelmaking coal, and iron ore; and nickel, polyhalite, and manganese ores. Anglo American plc was founded in 1917 and is headquartered in London, the United Kingdom.