Glencore PLC (OTCMKTS:GLNCY) Short Interest Update

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

Glencore Price Performance

Shares of GLNCY opened at $13.69 on Thursday. The company has a 50-day simple moving average of $11.89 and a two-hundred day simple moving average of $9.82. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.58 and a current ratio of 1.15. Glencore has a one year low of $5.74 and a one year high of $14.67.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. HSBC lowered Glencore to a “hold” rating in a research note on Monday, January 26th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Glencore in a research report on Friday, January 30th. Royal Bank Of Canada reissued an “outperform” rating on shares of Glencore in a report on Wednesday, February 4th. Berenberg Bank raised shares of Glencore from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 17th. Finally, UBS Group upgraded shares of Glencore to a “hold” rating in a report on Monday. One research 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $9.30.

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.