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

Anglo American plc (OTCMKTS:NGLOY) was the recipient of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 11,400 shares, a growth of 48.1% from the February 28th total of 7,700 shares. Based on an average daily volume of 403,300 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Analyst Ratings Changes

NGLOY has been the subject of a number of research analyst reports. Royal Bank of Canada raised shares of Anglo American from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 18th. Sanford C. Bernstein downgraded Anglo American from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Citigroup cut Anglo American from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 24th. Finally, Clarkson Capital upgraded shares of Anglo American to a “strong-buy” rating in a research report on Friday, February 28th. One analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Anglo American has a consensus rating of “Moderate Buy”.

Anglo American Stock Performance

Shares of OTCMKTS NGLOY traded down $0.49 during trading on Friday, reaching $14.52. The company had a trading volume of 132,344 shares, compared to its average volume of 211,162. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.98. Anglo American has a twelve month low of $12.51 and a twelve month high of $17.60. The stock has a 50-day moving average price of $15.11 and a two-hundred day moving average price of $15.15.

Anglo American Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, May 14th. Investors of record on Friday, March 14th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Friday, March 14th.

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.