Anglo American plc (OTCMKTS:NGLOY) Sees Large Decline in Short Interest

Anglo American plc (OTCMKTS:NGLOY) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totalling 34,700 shares, a decline of 74.9% from the August 15th total of 138,400 shares. Based on an average daily volume of 248,200 shares, the short-interest ratio is presently 0.1 days.

Anglo American Trading Up 2.1 %

Shares of Anglo American stock traded up $0.28 during trading hours on Thursday, reaching $13.61. 183,448 shares of the company were exchanged, compared to its average volume of 415,599. Anglo American has a 1 year low of $10.37 and a 1 year high of $17.60. The stock’s fifty day moving average is $14.55 and its 200 day moving average is $14.46. 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 Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, August 16th will be given a dividend of $0.194 per share. The ex-dividend date is Friday, August 16th. This is a positive change from Anglo American’s previous dividend of $0.18.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NGLOY. UBS Group upgraded Anglo American from a “neutral” rating to a “buy” rating in a report on Friday, July 26th. Jefferies Financial Group cut Anglo American from a “buy” rating to a “hold” rating in a report on Wednesday, May 29th. Finally, BNP Paribas upgraded Anglo American from a “neutral” rating to an “outperform” rating in a report on Friday, June 21st. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $2,900.00.

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.