Short Interest in Anglo American plc (OTCMKTS:NGLOY) Grows By 42.9%

Anglo American plc (OTCMKTS:NGLOY) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 49,600 shares, an increase of 42.9% from the August 31st total of 34,700 shares. Based on an average trading volume of 347,000 shares, the short-interest ratio is currently 0.1 days.

Anglo American Trading Down 0.2 %

Shares of NGLOY traded down $0.04 during mid-day trading on Friday, reaching $16.29. 97,922 shares of the company’s stock were exchanged, compared to its average volume of 399,677. Anglo American has a 52-week low of $10.37 and a 52-week high of $17.60. The company has a 50-day simple moving average of $14.41 and a two-hundred day simple moving average of $14.74. 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 company also recently announced a dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, August 16th will be issued a $0.194 dividend. This is a positive change from Anglo American’s previous dividend of $0.18. The ex-dividend date of this dividend is Friday, August 16th.

Wall Street Analysts Forecast Growth

NGLOY has been the subject of several research analyst reports. UBS Group raised Anglo American from a “neutral” rating to a “buy” rating in a research note on Friday, July 26th. BNP Paribas raised Anglo American from a “neutral” rating to an “outperform” rating in a research note on Friday, June 21st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Anglo American presently has an average rating of “Moderate Buy”.

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.