Short Interest in Glencore PLC (OTCMKTS:GLNCY) Drops By 39.3%

Glencore PLC (OTCMKTS:GLNCY) saw a large decrease in short interest in December. As of December 15th, there was short interest totaling 135,352 shares, a decrease of 39.3% from the November 30th total of 223,168 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 1,502,864 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 1,502,864 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Berenberg Bank upgraded shares of Glencore from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 17th. UBS Group downgraded shares of Glencore from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th. Barclays reaffirmed an “overweight” rating on shares of Glencore in a research report on Monday, December 8th. Citigroup reissued a “buy” rating on shares of Glencore in a research report on Friday, September 26th. Finally, Sanford C. Bernstein cut Glencore from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Glencore currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.30.

Glencore Stock Down 0.1%

Glencore stock opened at $10.69 on Tuesday. The stock has a 50-day moving average of $9.69 and a two-hundred day moving average of $8.77. The company has a current ratio of 1.15, a quick ratio of 0.58 and a debt-to-equity ratio of 0.87. Glencore has a one year low of $5.74 and a one year high of $10.94.

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.