Anglo American (OTCMKTS:NGLOY) Short Interest Up 136.3% in August

Key Points

• Anglo American's short interest surged by 136.3% in August, with a total of 18,900 shares as of August 31, up from 8,000 shares on August 15.
• The company has recently cut its dividend, announcing a payment of $0.028 to stockholders of record by October 7.
• Analyst ratings for Anglo American show a consensus of a "Moderate Buy", with ratings ranging from one Strong Buy to five Hold ratings.

Anglo American (OTCMKTS:NGLOY - Get Free Report) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 18,900 shares, a growth of 136.3% from the August 15th total of 8,000 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 202,400 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 202,400 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Anglo American Price Performance

Anglo American stock traded down $0.06 during trading on Friday, reaching $17.46. The company had a trading volume of 219,662 shares, compared to its average volume of 227,952. Anglo American has a 12-month low of $12.70 and a 12-month high of $18.74. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.86 and a quick ratio of 1.29. The stock's 50 day moving average price is $15.07 and its two-hundred day moving average price is $14.51.

Anglo American Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Monday, August 25th will be issued a $0.028 dividend. The ex-dividend date is Friday, August 22nd.

Wall Street Analyst Weigh In

Several analysts have issued reports on NGLOY shares. Berenberg Bank raised shares of Anglo American from a "strong sell" rating to a "hold" rating in a report on Wednesday. DZ Bank cut Anglo American from a "strong-buy" rating to a "hold" rating in a report on Thursday. Finally, Royal Bank Of Canada reissued a "sector perform" rating on shares of Anglo American in a report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Anglo American has a consensus rating of "Moderate Buy".

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.

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