Glencore PLC (OTCMKTS:GLNCY) Short Interest Down 27.1% in April

Glencore PLC (OTCMKTS:GLNCY) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totaling 319,095 shares, a drop of 27.1% from the March 31st total of 437,659 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 1,257,753 shares, the days-to-cover ratio is currently 0.3 days.

Analysts Set New Price Targets

GLNCY has been the subject of several research reports. HSBC upgraded shares of Glencore from a “hold” rating to a “buy” rating in a research report on Tuesday, April 14th. UBS Group raised Glencore to a “hold” rating in a report on Monday, February 9th. Morgan Stanley reiterated an “overweight” rating on shares of Glencore in a research note on Thursday, April 9th. Barclays reissued an “overweight” rating on shares of Glencore in a research note on Wednesday, February 25th. Finally, Citigroup restated a “buy” rating on shares of Glencore in a research report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Glencore presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.30.

Glencore Stock Up 2.0%

Shares of Glencore stock opened at $15.44 on Friday. Glencore has a one year low of $6.43 and a one year high of $15.46. The company has a quick ratio of 0.54, a current ratio of 1.06 and a debt-to-equity ratio of 0.84. The business’s 50 day simple moving average is $14.48 and its two-hundred day simple moving average is $12.18.

Glencore Company Profile

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.