Anglo American (OTCMKTS:NGLOY) Sees Large Growth in Short Interest

Anglo American (OTCMKTS:NGLOY) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 202,197 shares, a growth of 50.5% from the March 15th total of 134,369 shares. Based on an average daily volume of 1,009,976 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

Analysts Set New Price Targets

Several research analysts have recently issued reports on NGLOY shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Anglo American in a report on Monday, February 23rd. DZ Bank upgraded shares of Anglo American from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 25th. Barclays restated an “overweight” rating on shares of Anglo American in a report on Wednesday, February 25th. Citigroup upgraded shares of Anglo American from a “neutral” rating to a “buy” rating in a report on Monday, February 2nd. Finally, JPMorgan Chase & Co. cut shares of Anglo American from a “neutral” rating to an “underweight” rating in a report on Monday, March 9th. Two research 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 given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $20.00.

Anglo American Stock Up 1.8%

NGLOY stock traded up $0.42 on Tuesday, reaching $24.32. The company’s stock had a trading volume of 40,192 shares, compared to its average volume of 611,030. The business has a fifty day simple moving average of $22.91 and a two-hundred day simple moving average of $20.99. Anglo American has a 12-month low of $13.33 and a 12-month high of $26.04. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.54 and a current ratio of 1.98.

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.