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

Anglo American plc (OTCMKTS:NGLOY) was the target of a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 7,700 shares, a decrease of 88.3% from the February 13th total of 65,900 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 430,300 shares, the short-interest ratio is currently 0.0 days.

Anglo American Stock Performance

Shares of NGLOY stock traded down $0.03 during trading on Wednesday, hitting $14.54. 237,999 shares of the stock traded hands, compared to its average volume of 229,096. Anglo American has a 52-week low of $11.45 and a 52-week high of $17.60. The firm’s fifty day moving average price is $15.09 and its 200-day moving average price is $15.08. The company has a quick ratio of 1.33, a current ratio of 1.98 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. Investors of record on Friday, March 14th will be given a dividend of $0.11 per share. The ex-dividend date is Friday, March 14th.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on NGLOY shares. Citigroup downgraded shares of Anglo American from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 24th. Sanford C. Bernstein downgraded Anglo American from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Clarkson Capital raised Anglo American to a “strong-buy” rating in a report on Friday, February 28th. Jefferies Financial Group raised Anglo American from a “hold” rating to a “buy” rating in a report on Friday, November 29th. Finally, Royal Bank of Canada cut shares of Anglo American from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 15th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Anglo American has a consensus rating of “Hold”.

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.