Glencore plc (OTCMKTS:GLNCY) Short Interest Update

Glencore plc (OTCMKTS:GLNCY) saw a significant decrease in short interest in February. As of February 28th, there was short interest totalling 175,600 shares, a decrease of 44.5% from the February 13th total of 316,300 shares. Based on an average daily volume of 2,808,300 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Glencore Price Performance

Glencore stock traded up $0.27 during mid-day trading on Friday, reaching $8.32. 617,159 shares of the company’s stock traded hands, compared to its average volume of 979,210. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.30 and a quick ratio of 0.67. Glencore has a 12-month low of $7.84 and a 12-month high of $12.74. The stock has a 50 day moving average of $8.60 and a two-hundred day moving average of $9.53.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Berenberg Bank raised shares of Glencore to a “strong-buy” rating in a research note on Tuesday. BMO Capital Markets raised shares of Glencore from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 16th. Six analysts have rated the stock with a strong buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

Glencore Company Profile

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.