Anglo American (OTCMKTS:NGLOY) Short Interest Update

Key Points

• Short interest in Anglo American decreased by 77.3% in July, from 26,000 shares to 5,900 shares, indicating reduced bearish sentiment against the company.
• Currently, 0.0% of Anglo American's shares are sold short based on a days-to-cover ratio of 0.0 days.
• Analysts maintain a consensus rating of "Hold" for Anglo American, with mixed ratings including one sell, three hold, two buy, and one strong buy.

Anglo American (OTCMKTS:NGLOY - Get Free Report) was the recipient of a significant drop in short interest in July. As of July 31st, there was short interest totaling 5,900 shares, adropof77.3% from the July 15th total of 26,000 shares. Approximately0.0% of the shares of the stock are short sold. Based on an average daily volume of 398,800 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 398,800 shares, the short-interest ratio is presently 0.0 days. Approximately0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Royal Bank Of Canada reiterated a "sector perform" rating on shares of Anglo American in a research report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold".

Anglo American Trading Down 0.9%

NGLOY stock traded down $0.13 during midday trading on Wednesday, reaching $14.46. 53,550 shares of the company traded hands, compared to its average volume of 146,676. The company has a current ratio of 1.86, a quick ratio of 1.29 and a debt-to-equity ratio of 0.57. The business has a 50 day moving average of $14.66 and a 200-day moving average of $14.45. Anglo American has a 52-week low of $12.7011 and a 52-week high of $18.7386.

Anglo American Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, October 7th. Investors of record on Monday, August 25th will be paid a dividend of $0.028 per share. The ex-dividend date of this dividend is Friday, August 22nd.

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.