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

Anglo American plc (OTCMKTS:NGLOY - Get Free Report) experienced a notable rise in short interest for the month of March. By March 15th, the total short interest reached 11,400 shares, marking an impressive increase of 48.1% compared to the 7,700 shares recorded on February 28th. Currently, only 0.0% of the company's shares are being shorted. With an average daily trading volume standing at 403,300 shares, the short-interest ratio is effectively 0.0 days.

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Anglo American Stock Price Update

On Friday, NGLOY stock took a dip of $0.49, closing at $14.52. The trading volume for the company was 132,344 shares, lower than its average volume of 211,162 shares. Over the past year, Anglo American's stock hit a low of $12.51 and peaked at $17.60. The company also shows a quick ratio of 1.33, a current ratio of 1.98, and maintains a debt-to-equity ratio of 0.56. Its 50-day moving average stands at $15.11, while the 200-day moving average is at $15.15.

Dividend Announcement from Anglo American

The company has recently announced a dividend payment scheduled for Wednesday, May 14th. Shareholders on record as of Friday, March 14th, will receive a dividend of $0.11 per share, with the ex-dividend date also set for March 14th.

Analyst Ratings for Anglo American

Several research institutions have recently provided updates regarding NGLOY. On Tuesday, January 28th, Sanford C. Bernstein changed Anglo American's rating from "strong-buy" to "hold". Citigroup made a similar adjustment on January 24th, downgrading the stock from "strong-buy" to "hold". Conversely, Clarkson Capital upgraded Anglo American to a "strong-buy" rating on February 28th. More recently, Royal Bank of Canada improved its rating from "strong sell" to "hold" on March 18th. Overall, one analyst has issued a sell rating, three have suggested holding the stock, three have given buy ratings, and one has upgraded to strong buy. According to MarketBeat, Anglo American holds an average rating of "Moderate Buy" from analysts.

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Understanding Anglo American

(Get Free Report) Anglo American plc is a well-established mining company based in the United Kingdom, with operations worldwide. The firm is involved in the exploration and production of rough and polished diamonds, copper, platinum group metals, nickel, steelmaking coal, iron ore, and manganese ores. Founded in 1917, Anglo American has its headquarters in London, UK.

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