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

Anglo American plc (OTCMKTS:NGLOY - Get Free Report) was the recipient of a significant 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 daily trading volume, of 477,100 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

Several equities analysts have commented on NGLOY shares. Clarkson Capital raised Anglo American to a "strong-buy" rating in a research report on Friday, February 28th. Jefferies Financial Group raised shares of Anglo American from a "hold" rating to a "buy" rating in a research report on Friday, November 29th. Citigroup lowered shares of Anglo American from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 24th. Sanford C. Bernstein lowered Anglo American from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 28th. Finally, Royal Bank of Canada downgraded Anglo American from a "hold" rating to a "strong sell" rating in a report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold".

Anglo American Price Performance

NGLOY traded up $0.17 during trading on Wednesday, hitting $14.89. The stock had a trading volume of 109,960 shares, compared to its average volume of 226,419. The stock has a 50 day simple moving average of $15.05 and a two-hundred day simple moving average of $15.07. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.98 and a quick ratio of 1.33. Anglo American has a twelve month low of $10.69 and a twelve month high of $17.60.

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Anglo American Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, March 14th will be given a $0.11 dividend. The ex-dividend date is Friday, March 14th.

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.