Glencore plc (OTCMKTS:GLNCY – Get Free Report) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 209,700 shares, a drop of 16.5% from the August 15th total of 251,100 shares. Based on an average daily trading volume, of 989,100 shares, the days-to-cover ratio is presently 0.2 days.
Glencore Stock Up 0.7 %
Shares of GLNCY stock traded up $0.08 during trading on Tuesday, hitting $11.40. The company had a trading volume of 855,682 shares, compared to its average volume of 652,789. The stock’s 50-day moving average price is $11.30 and its 200 day moving average price is $11.27. Glencore has a one year low of $9.63 and a one year high of $14.41. The company has a current ratio of 1.30, a quick ratio of 0.67 and a debt-to-equity ratio of 0.46.
Glencore Increases Dividend
The business also recently announced a dividend, which will be paid on Friday, October 6th. Stockholders of record on Friday, September 1st will be given a dividend of $0.55 per share. This is an increase from Glencore’s previous dividend of $0.39. The ex-dividend date of this dividend is Thursday, August 31st.
Wall Street Analyst Weigh In
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, nickel, zinc, lead, 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.
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