Anglo American (OTCMKTS:NGLOY) Short Interest Update

Anglo American (OTCMKTS:NGLOY) saw a significant increase in short interest in January. As of January 15th, there was short interest totaling 608,568 shares, an increase of 335.4% from the December 31st total of 139,777 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 1,596,861 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 1,596,861 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the shares of the company are short sold.

Anglo American Price Performance

Anglo American stock opened at $24.30 on Thursday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.65 and a current ratio of 2.11. The business has a 50 day simple moving average of $20.47 and a 200-day simple moving average of $18.17. Anglo American has a 12 month low of $12.70 and a 12 month high of $24.38.

Wall Street Analyst Weigh In

Separately, Berenberg Bank set a $20.00 price objective on Anglo American in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $20.00.

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.