Glencore plc (OTCMKTS:GLNCY) Short Interest Update

Glencore plc (OTCMKTS:GLNCY) saw a large drop in short interest in the month of 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. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 2,808,300 shares, the short-interest ratio is presently 0.1 days.

Glencore Trading Up 3.4 %

Shares of Glencore stock traded up $0.27 on Friday, hitting $8.32. 617,159 shares of the company traded hands, compared to its average volume of 979,210. The company has a current ratio of 1.30, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. Glencore has a 52 week low of $7.84 and a 52 week high of $12.74. The business has a 50-day simple moving average of $8.60 and a 200 day simple moving average of $9.53.

Wall Street Analysts Forecast Growth

GLNCY has been the topic of a number of recent analyst reports. Berenberg Bank upgraded shares of Glencore to a “strong-buy” rating in a research note on Tuesday. BMO Capital Markets upgraded shares of Glencore from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 16th. Six equities research analysts have rated the stock with a strong buy rating, According to MarketBeat, the stock presently has an average rating of “Strong Buy”.

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.