Short Interest in Glencore PLC (OTCMKTS:GLNCY) Expands By 34.1%

Glencore PLC (OTCMKTS:GLNCY) saw a large increase in short interest in January. As of January 15th, there was short interest totaling 476,404 shares, an increase of 34.1% from the December 31st total of 355,272 shares. Based on an average daily trading volume, of 2,005,634 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,005,634 shares, the short-interest ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on GLNCY shares. Berenberg Bank upgraded Glencore from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 17th. Morgan Stanley reissued an “overweight” rating on shares of Glencore in a research note on Wednesday. Hsbc Global Res lowered shares of Glencore from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 26th. Barclays reiterated an “overweight” rating on shares of Glencore in a report on Monday, December 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Glencore in a report on Friday. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $9.30.

Glencore Trading Down 3.3%

OTCMKTS:GLNCY traded down $0.47 on Friday, reaching $13.58. The company’s stock had a trading volume of 822,213 shares, compared to its average volume of 863,983. Glencore has a 12-month low of $5.74 and a 12-month high of $14.67. The stock has a 50 day moving average price of $11.24 and a 200 day moving average price of $9.54. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.15 and a quick ratio of 0.58.

About Glencore

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.