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

Anglo American plc (OTCMKTS:NGLOY) was the target of a large increase in short interest during the month of 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. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 403,300 shares, the short-interest ratio is presently 0.0 days.

Anglo American Stock Down 3.7 %

Shares of OTCMKTS:NGLOY traded down $0.54 during midday trading on Monday, hitting $13.98. 295,922 shares of the company’s stock were exchanged, compared to its average volume of 211,771. 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 has a 12 month low of $12.51 and a 12 month high of $17.60. The stock has a 50 day moving average price of $15.11 and a 200-day moving average price of $15.16.

Anglo American Cuts Dividend

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

Analysts Set New Price Targets

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

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.