Glencore plc (OTCMKTS:GLNCY) Short Interest Update

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

Wall Street Analysts Forecast Growth

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

Glencore Price Performance

OTCMKTS:GLNCY traded up $0.03 during midday trading on Friday, reaching $8.05. 1,190,809 shares of the stock traded hands, compared to its average volume of 987,521. Glencore has a 12-month low of $7.84 and a 12-month high of $12.74. The company has a current ratio of 1.30, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. The business has a 50-day moving average of $8.61 and a two-hundred day moving average of $9.53.

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.