Glencore PLC (OTCMKTS:GLNCY) Short Interest Up 34.1% in January

Glencore PLC (OTCMKTS:GLNCY) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 476,404 shares, a growth of 34.1% from the December 31st total of 355,272 shares. Based on an average daily volume of 2,005,634 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are short sold. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 2,005,634 shares, the short-interest ratio is currently 0.2 days.

Analyst Ratings Changes

Several research firms have recently commented on GLNCY. Morgan Stanley restated an “overweight” rating on shares of Glencore in a research report on Wednesday. Berenberg Bank raised shares of Glencore from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 17th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Glencore in a research note on Friday. Barclays reaffirmed an “overweight” rating on shares of Glencore in a research note on Monday, December 8th. Finally, Hsbc Global Res cut shares of Glencore from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $9.30.

Glencore Trading Down 3.3%

Shares of Glencore stock traded down $0.47 during trading on Friday, hitting $13.58. 822,213 shares of the stock were exchanged, compared to its average volume of 863,983. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.15 and a quick ratio of 0.58. The firm’s 50-day moving average price is $11.24 and its 200 day moving average price is $9.54. Glencore has a 12-month low of $5.74 and a 12-month high of $14.67.

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.