Anglo American plc (OTCMKTS:NGLOY) Short Interest Up 21.5% in December

Anglo American plc (OTCMKTS:NGLOY – Get Rating) saw a large growth in short interest during the month of December. As of December 30th, there was short interest totalling 122,600 shares, a growth of 21.5% from the December 15th total of 100,900 shares. Based on an average daily volume of 368,800 shares, the short-interest ratio is currently 0.3 days.

Anglo American Stock Performance

OTCMKTS:NGLOY opened at $22.31 on Friday. The company’s 50-day moving average price is $20.03 and its two-hundred day moving average price is $17.59. Anglo American has a 12 month low of $13.72 and a 12 month high of $27.80.

Analyst Ratings Changes

A number of brokerages have recently commented on NGLOY. JPMorgan Chase & Co. cut their price objective on shares of Anglo American from GBX 4,100 ($50.03) to GBX 3,600 ($43.93) in a research report on Wednesday, December 14th. Sanford C. Bernstein downgraded Anglo American from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 3rd. Barclays reduced their target price on Anglo American from GBX 3,165 ($38.62) to GBX 2,720 ($33.19) in a research report on Monday, December 12th. Berenberg Bank dropped their price objective on shares of Anglo American from GBX 3,000 ($36.61) to GBX 2,700 ($32.95) in a research note on Monday, December 12th. Finally, Royal Bank of Canada lowered shares of Anglo American from an “outperform” rating to a “sector perform” rating in a research report on Thursday, December 1st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $3,552.50.

About Anglo American

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Anglo American plc operates as a mining company worldwide. The company explores for rough and polished diamonds, copper, platinum group metals, metallurgical and thermal coal, and iron ore; and nickel, polyhalite, and manganese ores, as well as alloys. Anglo American plc was founded in 1917 and is headquartered in London, the United Kingdom.