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

Anglo American plc (OTCMKTS:NGLOY) was the recipient of a significant 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.

Wall Street Analysts Forecast Growth

NGLOY has been the subject of several research analyst reports. BNP Paribas upgraded shares of Anglo American from a “neutral” rating to an “outperform” rating in a research note on Friday, June 21st. Jefferies Financial Group downgraded shares of Anglo American from a “buy” rating to a “hold” rating in a research note on Wednesday, May 29th. Finally, UBS Group upgraded Anglo American from a “neutral” rating to a “buy” rating in a research report on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $2,900.00.

Anglo American Stock Performance

Shares of Anglo American stock traded up $0.28 during trading hours on Thursday, reaching $13.61. 183,448 shares of the company’s stock were exchanged, compared to its average volume of 415,599. Anglo American has a 52-week low of $10.37 and a 52-week high of $17.60. The company has a fifty day moving average of $14.55 and a 200-day moving average of $14.46. The company has a current ratio of 1.85, a quick ratio of 1.17 and a debt-to-equity ratio of 0.48.

Anglo American Increases Dividend

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

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.