Anglo American (OTCMKTS:NGLOY) Stock Short Interest Report for September

Anglo American (OTCMKTS:NGLOY) was the target of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 86,461 shares, a drop of 39.7% from the September 15th total of 143,435 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 644,895 shares, the days-to-cover ratio is currently 0.1 days.

Anglo American Price Performance

NGLOY stock traded down $0.28 on Friday, reaching $26.75. 401,378 shares of the company were exchanged, compared to its average volume of 483,167. The stock’s fifty day moving average price is $27.40 and its 200 day moving average price is $25.89. Anglo American has a 12 month low of $17.49 and a 12 month high of $29.61. The company has a current ratio of 2.21, a quick ratio of 1.78 and a debt-to-equity ratio of 0.68.

Analysts Set New Price Targets

NGLOY has been the subject of several recent research reports. Berenberg Bank set a $28.00 target price on shares of Anglo American and gave the company a “hold” rating in a research note on Thursday, June 18th. JPMorgan Chase & Co. upgraded shares of Anglo American from an “underweight” rating to a “neutral” rating in a research report on Wednesday. Scotiabank began coverage on shares of Anglo American in a research note on Tuesday, September 8th. They issued an “outperform” rating on the stock. Zacks Research upgraded Anglo American from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Finally, Barclays reissued an “overweight” rating on shares of Anglo American in a research note on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $28.00.

About Anglo American

Anglo American plc is a global mining company headquartered in London, United Kingdom. The company explores for, develops and produces a range of metals and minerals used in construction, manufacturing, transportation, energy and consumer products. Its principal commodities include copper, premium iron ore, platinum-group metals and diamonds.

Anglo American’s copper business has operations in South America, while its iron ore activities include production in South Africa and Brazil. The company’s platinum-group-metals operations are concentrated in southern Africa, and its diamond business operates through De Beers, which mines, sorts, sells and markets rough and polished diamonds.