Short Interest in Anglo American plc (OTCMKTS:NGLOY) Increases By 48.1%

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

Analysts Set New Price Targets

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

Anglo American Stock Down 3.7 %

Shares of NGLOY stock traded down $0.54 on Monday, reaching $13.98. The company’s stock had a trading volume of 295,922 shares, compared to its average volume of 211,771. Anglo American has a 12-month low of $12.51 and a 12-month high of $17.60. The stock’s 50 day simple moving average is $15.11 and its 200-day simple moving average is $15.16. The company has a current ratio of 1.98, a quick ratio of 1.33 and a debt-to-equity ratio of 0.56.

Anglo American Cuts Dividend

The firm also recently declared 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.