Glencore PLC (OTCMKTS:GLNCY) Short Interest Update

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Sanford C. Bernstein downgraded Glencore from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 22nd. Morgan Stanley restated an “overweight” rating on shares of Glencore in a report on Wednesday, January 28th. 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 reaffirmed a “buy” rating on shares of Glencore in a research note on Friday. Finally, UBS Group downgraded shares of Glencore from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $9.30.

Glencore Trading Up 3.4%

Shares of GLNCY stock traded up $0.46 during mid-day trading on Tuesday, reaching $14.10. 213,920 shares of the company’s stock traded hands, compared to its average volume of 850,722. The company’s 50-day moving average price is $11.33 and its 200-day moving average price is $9.59. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.58 and a current ratio of 1.15. Glencore has a 12 month low of $5.74 and a 12 month high of $14.67.

About Glencore

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.