Anglo American plc (OTCMKTS:AAUKF) Sees Significant Growth in Short Interest

Anglo American plc (OTCMKTS:AAUKF) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 567,200 shares, a growth of 65.2% from the February 29th total of 343,400 shares. Based on an average daily volume of 2,500 shares, the days-to-cover ratio is currently 226.9 days.

Anglo American Price Performance

Anglo American stock opened at $24.11 on Friday. The firm has a 50-day moving average price of $22.94 and a two-hundred day moving average price of $24.87. Anglo American has a 52-week low of $20.91 and a 52-week high of $34.54.

Anglo American Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 3rd. Stockholders of record on Friday, March 15th will be issued a $0.41 dividend. The ex-dividend date is Wednesday, March 13th. Anglo American’s dividend payout ratio (DPR) is 1,090.55%.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada reissued a “buy” rating and set a $23.00 target price on shares of Anglo American in a research note on Wednesday, February 7th.

About Anglo American

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.