Anglo American plc (OTCMKTS:NGLOY) Short Interest Update

Anglo American plc (OTCMKTS:NGLOY) was the target of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 311,900 shares, a drop of 14.9% from the March 31st total of 366,300 shares. Based on an average trading volume of 1,452,300 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group began coverage on Anglo American in a research note on Friday, January 12th. They issued a “neutral” rating for the company. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Anglo American currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,630.00.

Anglo American Stock Performance

Shares of OTCMKTS:NGLOY opened at $16.53 on Monday. The firm’s 50 day simple moving average is $12.45 and its two-hundred day simple moving average is $12.42. The company has a quick ratio of 1.17, a current ratio of 1.85 and a debt-to-equity ratio of 0.48. Anglo American has a 1-year low of $10.37 and a 1-year high of $16.83.

Anglo American Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, May 10th. Investors of record on Friday, March 15th will be issued a $0.1804 dividend. The ex-dividend date is Thursday, March 14th.

Anglo American Company Profile

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.