The AngloGold Ashanti Ltd. (AU) Sees Significant Growth in Short Interest

The AngloGold Ashanti Ltd. (AU) Sees Significant Growth in Short Interest

AngloGold Ashanti Ltd. (NYSE:AU) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 1,864,471 shares, an increase of 62.4% from the September 15th total of 1,148,018 shares. Based on an average daily volume of 3,598,612 shares, the days-to-cover ratio is presently 0.5 days.

A number of hedge funds have recently bought and sold shares of AU. Seven Eight Capital LLC boosted its stake in AngloGold Ashanti by 40.7% in the first quarter. Seven Eight Capital LLC now owns 7,600 shares of the mining company’s stock worth $104,000 after buying an additional 2,200 shares during the period. Invictus RG purchased a new stake in AngloGold Ashanti during the second quarter worth approximately $154,000. Principal Financial Group Inc. purchased a new stake in AngloGold Ashanti during the second quarter worth approximately $186,000. Bailard Inc. boosted its stake in AngloGold Ashanti by 9.2% in the second quarter. Bailard Inc. now owns 13,106 shares of the mining company’s stock worth $237,000 after buying an additional 1,106 shares during the period. Finally, Stifel Financial Corp boosted its stake in AngloGold Ashanti by 17.8% in the second quarter. Stifel Financial Corp now owns 14,717 shares of the mining company’s stock worth $267,000 after buying an additional 2,227 shares during the period. Institutional investors own 39.88% of the company’s stock.

Shares of AngloGold Ashanti (NYSE:AU) opened at 13.36 on Tuesday. AngloGold Ashanti has a 12 month low of $6.20 and a 12 month high of $22.91. The company has a market cap of $5.45 billion, a P/E ratio of 49.85 and a beta of -0.93. The stock’s 50 day moving average price is $15.50 and its 200-day moving average price is $16.84.

Several brokerages have commented on AU. Zacks Investment Research upgraded AngloGold Ashanti from a “strong sell” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Tuesday, July 12th. Citigroup Inc. restated a “sell” rating on shares of AngloGold Ashanti in a research note on Thursday, August 18th. Deutsche Bank AG downgraded AngloGold Ashanti from a “buy” rating to a “hold” rating in a research note on Wednesday, July 6th. Finally, Jefferies Group restated a “buy” rating on shares of AngloGold Ashanti in a research note on Tuesday, August 23rd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $47.00.

AngloGold Ashanti Company Profile

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