Anglo American (OTCMKTS:NGLOY) Short Interest Down 53.5% in February

Anglo American (OTCMKTS:NGLOY) saw a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 201,367 shares, a decline of 53.5% from the January 29th total of 433,258 shares. Based on an average daily volume of 918,651 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are sold short. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 918,651 shares, the short-interest ratio is presently 0.2 days.

Anglo American Trading Down 0.2%

Shares of OTCMKTS:NGLOY traded down $0.05 during midday trading on Friday, reaching $25.19. The company’s stock had a trading volume of 119,520 shares, compared to its average volume of 686,633. The company has a quick ratio of 1.65, a current ratio of 2.11 and a debt-to-equity ratio of 0.59. The firm has a 50 day moving average of $22.80 and a 200-day moving average of $19.57. Anglo American has a 12-month low of $12.70 and a 12-month high of $26.04.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on NGLOY shares. DZ Bank upgraded Anglo American from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Citigroup raised Anglo American from a “neutral” rating to a “buy” rating in a research note on Monday, February 2nd. Barclays reissued an “overweight” rating on shares of Anglo American in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Anglo American in a report on Monday. Three research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $20.00.

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.