Glencore plc (OTCMKTS:GLNCY) Short Interest Down 17.6% in November

Glencore plc (OTCMKTS:GLNCY) saw a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 164,300 shares, a drop of 17.6% from the October 31st total of 199,500 shares. Based on an average daily volume of 1,481,500 shares, the short-interest ratio is presently 0.1 days.

Glencore Price Performance

Glencore stock traded down $0.04 during trading on Monday, reaching $9.57. The company had a trading volume of 1,138,740 shares, compared to its average volume of 617,708. The firm’s 50-day simple moving average is $10.41 and its 200 day simple moving average is $10.92. Glencore has a 52 week low of $9.26 and a 52 week high of $12.74.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on GLNCY shares. Royal Bank of Canada raised shares of Glencore to a “moderate buy” rating in a research note on Thursday, August 8th. The Goldman Sachs Group raised Glencore to a “strong-buy” rating in a research report on Thursday, August 8th. Barclays upgraded shares of Glencore to a “strong-buy” rating in a research note on Wednesday, October 16th. Hsbc Global Res upgraded Glencore from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th. Finally, Citigroup raised shares of Glencore to a “strong-buy” rating in a report on Thursday, August 8th. Four investment analysts have rated the stock with a strong buy rating, According to MarketBeat, Glencore currently has a consensus rating of “Strong Buy”.

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, 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.