Short Interest in Anglo American (OTCMKTS:NGLOY) Declines By 53.6%

Anglo American (OTCMKTS:NGLOY) saw a significant drop in short interest in March. As of March 13th, there was short interest totaling 134,369 shares, a drop of 53.6% from the February 26th total of 289,805 shares. Based on an average daily trading volume, of 946,280 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

A number of research firms recently commented on NGLOY. DZ Bank raised shares of Anglo American from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 25th. Citigroup raised shares of Anglo American from a “neutral” rating to a “buy” rating in a report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Anglo American in a research report on Monday, February 23rd. Barclays reiterated an “overweight” rating on shares of Anglo American in a research report on Wednesday, February 25th. Finally, JPMorgan Chase & Co. cut Anglo American from a “neutral” rating to an “underweight” rating in a research note on Monday, March 9th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.00.

Anglo American Trading Up 3.6%

NGLOY opened at $21.20 on Thursday. 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 has a twelve month low of $12.70 and a twelve month high of $26.04. The company has a 50-day simple moving average of $23.16 and a 200 day simple moving average of $20.52.

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.