Short Interest in Glencore plc (OTCMKTS:GLNCY) Rises By 851.6%

Glencore plc (OTCMKTS:GLNCY) was the target of a large increase in short interest in January. As of January 31st, there was short interest totalling 330,200 shares, an increase of 851.6% from the January 15th total of 34,700 shares. Based on an average daily trading volume, of 2,426,400 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Several brokerages have weighed in on GLNCY. BMO Capital Markets raised shares of Glencore from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 16th. Hsbc Global Res raised shares of Glencore from a “hold” rating to a “strong-buy” rating in a report on Monday, October 28th. Finally, Barclays upgraded shares of Glencore to a “strong-buy” rating in a research note on Wednesday, October 16th. Five analysts have rated the stock with a strong buy rating, According to data from MarketBeat, the stock currently has an average rating of “Strong Buy”.

Glencore Stock Down 1.4 %

OTCMKTS GLNCY opened at $8.55 on Thursday. The business has a fifty day moving average price of $9.02 and a 200 day moving average price of $9.87. Glencore has a one year low of $8.29 and a one year high of $12.74. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.30 and a quick ratio of 0.67.

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.