Glencore PLC (OTCMKTS:GLNCY) Short Interest Update

Glencore PLC (OTCMKTS:GLNCY) saw a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 212,034 shares, a drop of 16.0% from the January 29th total of 252,492 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 1,124,914 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 1,124,914 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Several brokerages recently commented on GLNCY. Berenberg Bank upgraded shares of Glencore from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 17th. Barclays restated an “overweight” rating on shares of Glencore in a report on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Glencore in a report on Friday, January 30th. UBS Group raised Glencore to a “hold” rating in a research note on Monday, February 9th. Finally, HSBC lowered Glencore to a “hold” rating in a research report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Glencore has an average rating of “Moderate Buy” and a consensus price target of $9.30.

Glencore Price Performance

Shares of Glencore stock opened at $14.09 on Wednesday. The stock has a 50-day simple moving average of $12.92 and a 200-day simple moving average of $10.42. Glencore has a 52-week low of $5.74 and a 52-week high of $14.67. The company has a current ratio of 1.15, a quick ratio of 0.58 and a debt-to-equity ratio of 0.87.

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.