Anglo American plc (OTCMKTS:NGLOY) Short Interest Down 43.9% in February

Anglo American plc (OTCMKTS:NGLOY) was the recipient of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 65,900 shares, a decrease of 43.9% from the January 31st total of 117,500 shares. Based on an average daily volume of 477,100 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

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

Anglo American Price Performance

OTCMKTS:NGLOY opened at $14.67 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.98 and a debt-to-equity ratio of 0.56. The company has a 50 day moving average price of $15.05 and a 200-day moving average price of $15.05. Anglo American has a 1-year low of $10.69 and a 1-year high of $17.60.

Anglo American Cuts Dividend

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