Glencore PLC (OTCMKTS:GLNCY) Short Interest Up 132.2% in February

Glencore PLC (OTCMKTS:GLNCY) was the target of a significant increase in short interest in February. As of February 27th, there was short interest totaling 492,362 shares, an increase of 132.2% from the February 12th total of 212,034 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 994,096 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 994,096 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Ratings Changes

Several research analysts have commented on the stock. Barclays reissued an “overweight” rating on shares of Glencore in a research note on Wednesday, February 25th. Morgan Stanley reaffirmed an “overweight” rating on shares of Glencore in a report on Wednesday, January 28th. Berenberg Bank upgraded shares of Glencore from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 17th. Royal Bank Of Canada reissued an “outperform” rating on shares of Glencore in a research note on Wednesday, February 4th. Finally, UBS Group upgraded shares of Glencore to a “hold” rating in a research report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $9.30.

Glencore Stock Performance

OTCMKTS:GLNCY opened at $13.69 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.15 and a quick ratio of 0.58. Glencore has a fifty-two week low of $5.74 and a fifty-two week high of $14.67. The business has a 50 day moving average price of $13.41 and a 200-day moving average price of $10.72.

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.