Glencore PLC (OTCMKTS:GLNCY) Short Interest Update

Glencore PLC (OTCMKTS:GLNCY) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 355,272 shares, an increase of 162.5% from the December 15th total of 135,352 shares. Based on an average daily volume of 736,105 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 736,105 shares, the days-to-cover ratio is currently 0.5 days.

Glencore Trading Up 0.4%

Shares of GLNCY opened at $12.61 on Wednesday. Glencore has a fifty-two week low of $5.74 and a fifty-two week high of $12.64. The firm’s 50-day simple moving average is $10.19 and its two-hundred day simple moving average is $9.07. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.58 and a current ratio of 1.15.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on GLNCY shares. UBS Group cut shares of Glencore from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th. Berenberg Bank raised Glencore from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 17th. Citigroup reissued a “buy” rating on shares of Glencore in a report on Friday, September 26th. Morgan Stanley reaffirmed an “overweight” rating on shares of Glencore in a research note on Tuesday, December 16th. Finally, Sanford C. Bernstein downgraded shares of Glencore from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.