Anglo American (NGLOY) Short Interest Ratio & Short Volume

Short interest is the volume of Anglo American shares that have been sold short but have not yet been closed out or covered. As of April 15th, traders have sold 311,900 shares of NGLOY short. Learn More on Anglo American's current short interest.

Anglo American saw a decrease in short interest in the month of April. As of April 15th, there was short interest totaling 311,900 shares, a decrease of 14.9% from the previous total of 366,300 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies in the sector of "basic materials" compare to Anglo American: Vale S.A. (1.17%), South32 Limited (0.01%), First Quantum Minerals Ltd. (0.37%), Freeport-McMoRan Inc. (1.62%), Rio Tinto Group (0.44%), Southern Copper Co. (6.90%), LyondellBasell Industries (2.19%), Dow Inc. (2.00%), Givaudan SA (0.00%), Agnico Eagle Mines Limited (1.61%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.70 billion), Occidental Petroleum Co. ($3.52 billion), Charter Communications, Inc. ($3.14 billion), General Motors ($2.68 billion), Coinbase Global, Inc. ($2.57 billion), Moderna, Inc. ($2.18 billion), Tractor Supply ($2.10 billion), Royal Caribbean Cruises Ltd. ($1.91 billion), TC Energy Co. ($1.90 billion), and Williams-Sonoma, Inc. ($1.78 billion). View all of the most shorted stocks.

Short selling NGLOY is an investing strategy that aims to generate trading profit from Anglo American as its price is falling. NGLOY shares are trading up $0.48 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Anglo American occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of NGLOY, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including NGLOY, twice per month. The most recent reporting period available is April, 15 2024.