Anglo American plc (OTCMKTS:NGLOY) Sees Significant Drop in Short Interest

Anglo American plc (OTCMKTS:NGLOY - Get Free Report) was the recipient of a large drop in short interest in April. As of April 15th, there was short interest totalling 8,900 shares, a drop of 86.8% from the March 31st total of 67,300 shares. Based on an average trading volume of 1,033,900 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Anglo American Price Performance

OTCMKTS:NGLOY traded up $0.29 during mid-day trading on Thursday, hitting $13.82. The stock had a trading volume of 199,631 shares, compared to its average volume of 256,396. Anglo American has a twelve month low of $11.18 and a twelve month high of $17.60. The company's 50 day simple moving average is $14.09 and its 200 day simple moving average is $14.83. The company has a current ratio of 1.98, a quick ratio of 1.33 and a debt-to-equity ratio of 0.56.

Anglo American Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Friday, March 14th will be given a dividend of $0.11 per share. The ex-dividend date is Friday, March 14th.

Analysts Set New Price Targets

Several research firms have weighed in on NGLOY. Citigroup cut shares of Anglo American from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 24th. Clarkson Capital raised shares of Anglo American to a "strong-buy" rating in a research note on Friday, February 28th. Royal Bank of Canada raised shares of Anglo American from a "strong sell" rating to a "hold" rating in a research note on Tuesday, March 18th. Barclays restated an "overweight" rating on shares of Anglo American in a report on Wednesday, April 16th. Finally, Sanford C. Bernstein cut Anglo American from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".

About Anglo American

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.