Anglo American (OTCMKTS:NGLOY) Short Interest Update

Anglo American (OTCMKTS:NGLOY) saw a large decline in short interest in June. As of June 30th, there was short interest totaling 84,899 shares, a decline of 64.4% from the June 15th total of 238,613 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 793,779 shares, the short-interest ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Freedom Capital downgraded shares of Anglo American from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Anglo American in a report on Friday, May 15th. Zacks Research upgraded shares of Anglo American from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 2nd. Barclays reaffirmed an “overweight” rating on shares of Anglo American in a report on Tuesday, July 7th. Finally, Berenberg Bank set a $28.00 price target on shares of Anglo American and gave the company a “hold” rating in a research report on Thursday, June 18th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $28.00.

Anglo American Stock Performance

Shares of Anglo American stock traded up $0.75 on Tuesday, hitting $24.87. The company’s stock had a trading volume of 482,657 shares, compared to its average volume of 549,060. Anglo American has a 52-week low of $13.56 and a 52-week high of $29.00. The firm has a fifty day moving average price of $25.91 and a 200-day moving average price of $23.96. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.98 and a quick ratio of 1.54.

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.