Short Interest in Anglo American (OTCMKTS:NGLOY) Expands By 83.7%

Anglo American (OTCMKTS:NGLOY) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 236,233 shares, a growth of 83.7% from the April 15th total of 128,609 shares. Based on an average daily trading volume, of 1,239,767 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.

Analysts Set New Price Targets

NGLOY has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Anglo American in a research report on Friday. Barclays restated an “overweight” rating on shares of Anglo American in a report on Wednesday, February 25th. Oddo Bhf upgraded shares of Anglo American to an “outperform” rating in a report on Wednesday, April 15th. DZ Bank upgraded shares of Anglo American from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 25th. Finally, JPMorgan Chase & Co. lowered shares of Anglo American from a “neutral” rating to an “underweight” rating in a report on Monday, March 9th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.00.

Anglo American Stock Performance

OTCMKTS NGLOY opened at $25.52 on Tuesday. Anglo American has a 12 month low of $13.33 and a 12 month high of $28.04. The company has a 50-day moving average of $23.33 and a 200-day moving average of $21.99. 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 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.