Anglo American plc (OTCMKTS:NGLOY) Sees Significant Decrease in Short Interest

Anglo American plc (OTCMKTS:NGLOY) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 21,300 shares, a drop of 81.0% from the November 30th total of 112,100 shares. Based on an average trading volume of 312,600 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on NGLOY shares. Citigroup upgraded Anglo American to a “strong-buy” rating in a research note on Wednesday, October 9th. Berenberg Bank downgraded shares of Anglo American from a “hold” rating to a “strong sell” rating in a research note on Friday, October 25th. Finally, Jefferies Financial Group raised Anglo American from a “hold” rating to a “buy” rating in a research note on Friday, November 29th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Anglo American Stock Up 1.5 %

Anglo American stock traded up $0.23 during midday trading on Thursday, reaching $14.93. The stock had a trading volume of 46,661 shares, compared to its average volume of 348,723. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.98. Anglo American has a 12 month low of $10.69 and a 12 month high of $17.60. The company has a fifty day moving average price of $15.35 and a two-hundred day moving average price of $15.04.

About Anglo American

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.