Anglo American plc (OTCMKTS:NGLOY) Experiences Significant Increase in Short Interest

Anglo American plc (OTCMKTS:NGLOY - Get Free Report) witnessed a striking rise in short interest throughout March. As of March 15th, the short interest had reached 11,400 shares, marking a substantial increase of 48.1% from the 7,700 shares reported on February 28th. Despite this growth, only 0.0% of the company's stock is currently sold short. Considering the average daily trading volume of 403,300 shares, the days-to-cover ratio stands at 0.0 days.

Anglo American Stock Performance

On Friday, NGLOY shares decreased by $0.49, closing at $14.52. The trading volume for the day was 132,344 shares, which is lower than the average of 211,162 shares. Over the past year, Anglo American has seen a low of $12.51 and a high of $17.60. The company reports a quick ratio of 1.33, a current ratio of 1.98, and a debt-to-equity ratio of 0.56. The stock's 50-day moving average is $15.11, while the 200-day moving average is $15.15.

Dividend Announcement

Recently, Anglo American declared a dividend, which is set to be distributed on Wednesday, May 14th. Shareholders recorded as of Friday, March 14th will receive a dividend of $0.11 per share. Notably, the ex-dividend date also falls on March 14th.

Analyst Ratings

Several research firms have recently provided evaluations on NGLOY. Sanford C. Bernstein downgraded Anglo American from a "strong-buy" rating to a "hold" rating in a report issued on January 28th. Similarly, Citigroup lowered its rating from "strong-buy" to "hold" on January 24th. On a more positive note, Clarkson Capital upgraded Anglo American to a "strong-buy" rating on February 28th. The Royal Bank of Canada also improved its rating from "strong sell" to "hold" on March 18th. Currently, the stock has a mix of ratings, with one analyst suggesting a sell, three calling it a hold, three recommending it as a buy, and one giving it a strong buy designation. The average rating among analysts for Anglo American is classified as "Moderate Buy" according to MarketBeat data.

About Anglo American

Anglo American plc is a mining company with a global presence, based in the United Kingdom. The company specializes in the exploration and production of various minerals, including diamonds, copper, platinum group metals, nickel, steelmaking coal, and iron ore. Established in 1917, Anglo American has its headquarters in London.

AngloAmerican, ShortInterest, Stocks