Anglo American (OTCMKTS:NGLOY) Short Interest Up 186.2% in May

Anglo American (OTCMKTS:NGLOY) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 676,044 shares, an increase of 186.2% from the April 30th total of 236,233 shares. Based on an average daily trading volume, of 1,026,873 shares, the short-interest ratio is currently 0.7 days. Currently, 0.0% of the shares of the company are short sold.

Analyst Ratings Changes

A number of research firms have recently issued reports on NGLOY. Oddo Bhf raised Anglo American to an “outperform” rating in a research report on Wednesday, April 15th. JPMorgan Chase & Co. cut Anglo American from a “neutral” rating to an “underweight” rating in a research report on Monday, March 9th. Barclays reissued an “overweight” rating on shares of Anglo American in a report on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Anglo American in a report on Friday, May 15th. Finally, DZ Bank upgraded Anglo American from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 25th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $20.00.

Anglo American Trading Down 1.2%

Shares of NGLOY traded down $0.32 during midday trading on Friday, hitting $26.92. The company’s stock had a trading volume of 371,023 shares, compared to its average volume of 441,956. Anglo American has a one year low of $13.33 and a one year high of $28.04. The company’s fifty day simple moving average is $24.20 and its two-hundred day simple moving average is $22.44. The company has a current ratio of 1.98, a quick ratio of 1.54 and a debt-to-equity ratio of 0.60.

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.