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

Anglo American plc (OTCMKTS:NGLOY - Get Free Report) experienced a notable rise in short interest during March. As of March 15th, the short interest reached 11,400 shares, marking an increase of 48.1% from the previous total of 7,700 shares reported on February 28th. Currently, 0.0% of the company's shares are sold short. Given an average daily trading volume of 403,300 shares, the days-to-cover ratio stands at 0.0 days.

Anglo American Price Performance

On a recent trading day, NGLOY shares fell by $0.49, bringing the price down to $14.52. The trading volume for the day was 132,344 shares, which is lower than the average volume of 211,162 shares. Over the past year, Anglo American's stock has seen a low of $12.51 and a high of $17.60. The company has established 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, the company announced a dividend that is set to be paid on Wednesday, May 14th. Shareholders who were on record as of Friday, March 14th, will receive a dividend of $0.11 per share. The ex-dividend date is also March 14th.

Analyst Ratings Changes

Several research firms have provided updates regarding NGLOY shares. Sanford C. Bernstein downgraded the stock from a "strong-buy" rating to a "hold" rating on January 28th. Similarly, Citigroup reduced its rating from "strong-buy" to "hold" on January 24th. However, Clarkson Capital upgraded Anglo American to a "strong-buy" on February 28th. Additionally, the Royal Bank of Canada raised its rating from "strong sell" to "hold" on March 18th. Overall, one analyst rates the stock as a sell, three as holds, three as buys, and one as a strong buy. According to MarketBeat, Anglo American holds a "Moderate Buy" average rating based on these insights.

Company Overview

Anglo American plc is a mining company based in the United Kingdom and operates globally. The company is involved in the exploration and production of various resources, including rough and polished diamonds, copper, platinum group metals, nickel, steelmaking coal, and iron ore, as well as other ores such as nickel, polyhalite, and manganese. Founded in 1917, Anglo American is headquartered in London, UK.

stocks, mining, dividend