Short Interest in Anglo American plc (OTCMKTS:NGLOY) Expands By 176.4%

Anglo American plc (OTCMKTS:NGLOY) was the target of a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 19,900 shares, an increase of 176.4% from the May 15th total of 7,200 shares. Based on an average trading volume of 1,658,600 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group lowered shares of Anglo American from a “buy” rating to a “hold” rating in a research note on Wednesday, May 29th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $2,630.00.

Anglo American Stock Up 0.1 %

Shares of NGLOY opened at $15.19 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.85 and a debt-to-equity ratio of 0.48. Anglo American has a twelve month low of $10.37 and a twelve month high of $17.60. The company has a 50 day moving average of $15.60 and a 200-day moving average of $13.18.

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.