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 target of a large 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 trading volume of 398,800 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 398,800 shares, the days-to-cover 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 note on Monday, August 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold".

Anglo American Price Performance

NGLOY traded down $0.28 on Monday, hitting $14.39. 85,515 shares of the company were exchanged, compared to its average volume of 202,170. 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 quick ratio of 1.29 and a current ratio of 1.86. The stock's fifty day moving average is $14.68 and its 200-day moving average is $14.45.

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.