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

Glencore PLC (OTCMKTS:GLNCY) saw a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 252,492 shares, a decrease of 47.0% from the January 15th total of 476,404 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 1,449,732 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 1,449,732 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

Glencore Stock Up 0.3%

Shares of OTCMKTS GLNCY traded up $0.04 during trading hours on Friday, hitting $13.46. The company had a trading volume of 59,308 shares, compared to its average volume of 780,276. Glencore has a 1-year low of $5.74 and a 1-year 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. The firm’s 50 day moving average is $11.96 and its 200-day moving average is $9.85.

Analyst Ratings Changes

A number of brokerages recently issued reports on GLNCY. Berenberg Bank raised Glencore from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 17th. HSBC cut shares of Glencore to a “hold” rating in a research note on Monday, January 26th. UBS Group raised shares of Glencore to a “hold” rating in a research report on Monday. Royal Bank Of Canada restated an “outperform” rating on shares of Glencore in a report on Wednesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Glencore in a research report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $9.30.

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.