Anglo American Platinum Limited (OTCMKTS:ANGPY) Short Interest Update

Anglo American Platinum Limited (OTCMKTS:ANGPY) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 21,524 shares, a growth of 241.2% from the June 30th total of 6,308 shares. Based on an average daily volume of 320,406 shares, the short-interest ratio is currently 0.1 days.

Anglo American Platinum Price Performance

ANGPY opened at $11.07 on Friday. The company’s 50 day simple moving average is $12.09 and its 200-day simple moving average is $14.17. Anglo American Platinum has a one year low of $7.36 and a one year high of $19.71.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Anglo American Platinum from a “strong sell” rating to a “hold” rating in a report on Wednesday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Anglo American Platinum Company Profile

Anglo American Platinum PLC, trading in the United States as ADRs under the symbol ANGPY, is the world’s largest primary producer of platinum group metals (PGMs). The company’s core activities encompass the mining, processing and marketing of PGMs, which include platinum, palladium, rhodium, ruthenium and iridium. In addition to these key metals, Anglo American Platinum also produces by-product nickel, copper, cobalt and chrome, leveraging its extensive mineral reserves.

The company’s mining operations are concentrated in South Africa’s Bushveld Complex, one of the richest PGM-bearing geological formations in the world.