Short Interest in Anglo American (OTCMKTS:NGLOY) Increases By 43.9%

Anglo American (OTCMKTS:NGLOY) was the recipient of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 289,805 shares, a growth of 43.9% from the February 12th total of 201,367 shares. Based on an average daily volume of 639,825 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 639,825 shares, the days-to-cover ratio is presently 0.5 days.

Anglo American Stock Down 5.2%

Shares of OTCMKTS:NGLOY opened at $20.75 on Monday. The company has a current ratio of 1.98, a quick ratio of 1.54 and a debt-to-equity ratio of 0.60. Anglo American has a 12 month low of $12.70 and a 12 month high of $26.04. The firm’s 50-day moving average is $23.34 and its 200 day moving average is $20.27.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NGLOY. Citigroup raised Anglo American from a “neutral” rating to a “buy” rating in a research note on Monday, February 2nd. Barclays reaffirmed an “overweight” rating on shares of Anglo American in a research note on Wednesday, February 25th. DZ Bank upgraded Anglo American from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 25th. JPMorgan Chase & Co. lowered shares of Anglo American from a “neutral” rating to an “underweight” rating in a report on Monday, March 9th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Anglo American in a research report on Monday, February 23rd. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.