Anglo American (OTCMKTS:NGLOY) Short Interest Update

Key Points

• Short interest in Anglo American fell sharply by 36.4% in April to 128,609 shares (from 202,197 on March 31), leaving a 0.1 days-to-cover and approximately 0.0% of shares short.
• NGLOY opened at $24.93 and was trading down about 1.2%; its 50-day and 200-day simple moving averages are $22.96 and $21.39, respectively, with a 12-month range of $13.33–$26.23.
• Analyst sentiment is mixed but tilted positive—two Strong Buy, four Buy, one Hold and one Sell—resulting in an average rating of Moderate Buy and an average price target of $20.00.

Anglo American (OTCMKTS:NGLOY - Get Free Report) saw a significant decline in short interest during the month of April. As of April 15th, there was short interest totaling 128,609 shares, a decline of 36.4% from the March 31st total of 202,197 shares. Based on an average daily volume of 988,524 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company's shares are short sold.

Anglo American Trading Down 1.2%

NGLOY stock opened at $24.93 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.54 and a current ratio of 1.98. The company's fifty day simple moving average is $22.96 and its 200 day simple moving average is $21.39. Anglo American has a 12-month low of $13.33 and a 12-month high of $26.23.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NGLOY. Barclays reaffirmed an "overweight" rating on shares of Anglo American in a research report on Wednesday, February 25th. DZ Bank raised Anglo American from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 25th. JPMorgan Chase & Co. downgraded Anglo American from a "neutral" rating to an "underweight" rating in a research report on Monday, March 9th. Citigroup raised Anglo American from a "neutral" rating to a "buy" rating in a research note on Monday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Anglo American in a report on Monday, February 23rd. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $20.00.

Anglo American Company Profile

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.

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