Antofagasta plc (OTCMKTS:ANFGF) Short Interest Down 45.5% in February

Antofagasta plc (OTCMKTS:ANFGF) was the recipient of a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 746,728 shares, a decrease of 45.5% from the January 29th total of 1,369,576 shares. Based on an average trading volume of 11,350 shares, the short-interest ratio is currently 65.8 days. Based on an average trading volume of 11,350 shares, the short-interest ratio is currently 65.8 days.

Antofagasta Price Performance

ANFGF traded down $1.89 during midday trading on Friday, hitting $58.11. 4,317 shares of the company traded hands, compared to its average volume of 6,567. The company’s 50-day moving average is $49.66 and its 200 day moving average is $40.04. Antofagasta has a 52 week low of $17.45 and a 52 week high of $61.72.

Wall Street Analyst Weigh In

ANFGF has been the subject of several recent analyst reports. The Goldman Sachs Group raised Antofagasta from a “neutral” rating to a “buy” rating in a research report on Friday, January 9th. Citigroup reaffirmed a “buy” rating on shares of Antofagasta in a report on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Antofagasta in a report on Friday, January 30th. Finally, UBS Group downgraded shares of Antofagasta from a “buy” rating to a “neutral” rating in a research report on Friday, January 30th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Antofagasta Company Profile

Antofagasta PLC, trading on the London Stock Exchange and as ADRs on the OTC market under the symbol ANFGF, is a leading Chilean copper producer with integrated exploration and mining operations. Headquartered in Santiago, Chile, the company focuses on the extraction, processing and sale of copper concentrates, cathodes and related by-products such as molybdenum. Its core assets include the Los Pelambres, Centinela, Antucoya and Zaldivar mines, which leverage advanced technologies and large-scale infrastructure to optimise productivity and resource recovery.

Founded in the late nineteenth century as a regional railway operator, Antofagasta has transitioned into a global mining group with a diversified portfolio of operations and investments.