Short Interest in Anglo American plc (OTCMKTS:NGLOY) Drops By 51.2%

Anglo American plc (OTCMKTS:NGLOY) saw a large decrease in short interest in November. As of November 15th, there was short interest totalling 56,600 shares, a decrease of 51.2% from the October 31st total of 116,000 shares. Based on an average daily trading volume, of 562,400 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

NGLOY has been the subject of several recent analyst reports. Berenberg Bank downgraded Anglo American from a “hold” rating to a “strong sell” rating in a report on Friday, October 25th. Citigroup upgraded shares of Anglo American to a “strong-buy” rating in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Anglo American presently has a consensus rating of “Hold”.

Anglo American Stock Performance

Anglo American stock opened at $15.17 on Thursday. Anglo American has a fifty-two week low of $10.37 and a fifty-two week high of $17.60. The company has a current ratio of 1.98, a quick ratio of 1.33 and a debt-to-equity ratio of 0.56. The business’s 50-day simple moving average is $15.29 and its two-hundred day simple moving average is $15.14.

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.