Glencore plc (OTCMKTS:GLNCY) Short Interest Update

Glencore plc (OTCMKTS:GLNCY) saw a large increase in short interest in January. As of January 31st, there was short interest totalling 330,200 shares, an increase of 851.6% from the January 15th total of 34,700 shares. Based on an average daily trading volume, of 2,426,400 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Hsbc Global Res upgraded Glencore from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th. BMO Capital Markets upgraded Glencore from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 16th. Finally, Barclays upgraded Glencore to a “strong-buy” rating in a research report on Wednesday, October 16th. Five analysts have rated the stock with a strong buy rating, Based on data from MarketBeat.com, Glencore has a consensus rating of “Strong Buy”.

Glencore Price Performance

GLNCY traded down $0.19 on Wednesday, hitting $8.67. 362,672 shares of the company were exchanged, compared to its average volume of 1,022,318. Glencore has a 12 month low of $8.29 and a 12 month high of $12.74. The firm has a fifty day simple moving average of $9.02 and a two-hundred day simple moving average of $9.87. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.30 and a quick ratio of 0.67.

About Glencore

Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. It operates through two segments: Marketing Activities and Industrial Activities. The company engages in production and marketing copper, cobalt, lead, nickel, zinc, chrome ore, ferrochrome, vanadium, aluminum, alumina, and iron ore; and coal, crude oil, refined products, and natural gas, as well as oil exploration/production and refining/distribution.