Could Anglogold Ashanti Limited (NYSE:AU) Change Direction After More Shorts?

October 2, 2018 - By Ash

AngloGold Ashanti Limited (NYSE:AU) Logo

The stock of Anglogold Ashanti Limited (NYSE:AU) registered an increase of 0.19% in short interest. AU’s total short interest was 10.19M shares in October as published by FINRA. Its up 0.19% from 10.17 million shares, reported previously. With 3.27 million shares average volume, it will take short sellers 3 days to cover their AU’s short positions. The short interest to Anglogold Ashanti Limited’s float is 2.55%.

The stock increased 3.16% or $0.27 during the last trading session, reaching $8.82. About 2.41M shares traded. AngloGold Ashanti Limited (NYSE:AU) has declined 18.10% since October 2, 2017 and is downtrending. It has underperformed by 33.72% the S&P500.

AngloGold Ashanti Limited operates as a gold mining and exploration company. The company has market cap of $3.62 billion. The firm also produces silver, uranium oxide, copper, and sulphuric acid. It has a 205.12 P/E ratio. The Company’s portfolio includes 17 mines in South Africa, Continental Africa, Australasia, and the Americas.

Another recent and important AngloGold Ashanti Limited (NYSE:AU) news was published by Seekingalpha.com which published an article titled: “New AngloGold CEO Dushnisky weighing asset sales to unlock value” on September 26, 2018.

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