Anglo American plc (OTCMKTS:NGLOY) Short Interest Update

Anglo American plc (OTCMKTS:NGLOY) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 67,300 shares, an increase of 490.4% from the March 15th total of 11,400 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 315,600 shares, the days-to-cover ratio is currently 0.2 days.

Anglo American Stock Down 0.8 %

Shares of Anglo American stock traded down $0.10 on Tuesday, hitting $13.08. 492,396 shares of the company’s stock traded hands, compared to its average volume of 260,666. The company has a fifty day moving average of $14.46 and a two-hundred day moving average of $14.98. The company has a quick ratio of 1.33, a current ratio of 1.98 and a debt-to-equity ratio of 0.56. Anglo American has a one year low of $11.18 and a one year high of $17.60.

Anglo American Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Friday, March 14th will be issued a $0.11 dividend. The ex-dividend date is Friday, March 14th.

Analysts Set New Price Targets

Several brokerages have commented on NGLOY. Citigroup downgraded Anglo American from a “strong-buy” rating to a “hold” rating in a report on Friday, January 24th. Clarkson Capital raised Anglo American to a “strong-buy” rating in a research note on Friday, February 28th. Royal Bank of Canada raised shares of Anglo American from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 18th. Finally, Sanford C. Bernstein downgraded shares of Anglo American from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Anglo American Company Profile

Anglo American plc operates as a mining company in the United Kingdom and internationally. It explores for rough and polished diamonds, copper, platinum group metals and nickel, steelmaking coal, and iron ore; and nickel, polyhalite, and manganese ores. Anglo American plc was founded in 1917 and is headquartered in London, the United Kingdom.