Short Interest in Anglo American plc (OTCMKTS:NGLOY) Drops By 43.9%

Anglo American plc (OTCMKTS:NGLOY) was the target of a large decrease in short interest in 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 trading volume of 477,100 shares, the short-interest ratio is presently 0.1 days.

Anglo American Trading Down 1.0 %

NGLOY stock opened at $14.67 on Friday. Anglo American has a twelve month low of $10.69 and a twelve month 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 firm’s fifty day simple moving average is $15.05 and its two-hundred day simple moving average is $15.05.

Anglo American Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Jefferies Financial Group upgraded Anglo American from a “hold” rating to a “buy” rating in a research note on Friday, November 29th. Sanford C. Bernstein cut Anglo American from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Royal Bank of Canada downgraded Anglo American from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 15th. Finally, Citigroup cut shares of Anglo American from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 24th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

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.