Glencore PLC (OTCMKTS:GLNCY) Sees Large Increase in Short Interest

Glencore PLC (OTCMKTS:GLNCY) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totaling 355,272 shares, a growth of 162.5% from the December 15th total of 135,352 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 736,105 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 736,105 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the company’s stock are short sold.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on GLNCY shares. Morgan Stanley reiterated an “overweight” rating on shares of Glencore in a report on Tuesday, December 16th. Sanford C. Bernstein lowered Glencore from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 22nd. Barclays reiterated an “overweight” rating on shares of Glencore in a report on Monday, December 8th. Berenberg Bank raised Glencore from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 17th. Finally, UBS Group lowered Glencore from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $9.30.

Glencore Price Performance

Glencore stock opened at $13.08 on Friday. The company has a quick ratio of 0.58, a current ratio of 1.15 and a debt-to-equity ratio of 0.87. The company has a fifty day simple moving average of $10.34 and a 200-day simple moving average of $9.13. Glencore has a 12-month low of $5.74 and a 12-month high of $13.15.

Glencore Company Profile

Glencore is a global natural resources company engaged in the production, processing and marketing of commodities. The business combines large-scale mining and metals operations with an extensive physical commodities trading and marketing platform. Its activities span the full commodity value chain, from extraction and smelting/refining to the commercial distribution of metals and energy products to industrial customers worldwide.

Key product areas include base and precious metals (such as copper, zinc, nickel and related concentrates), bulk commodities and energy products (including thermal coal and oil) and associated value‑added materials and services.