Glencore PLC (OTCMKTS:GLNCY) Short Interest Down 39.3% in December

Glencore PLC (OTCMKTS:GLNCY) was the recipient of a significant decrease in short interest during the month of 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 short sold. Based on an average daily volume of 1,502,864 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 1,502,864 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Glencore Price Performance

GLNCY traded up $0.08 during midday trading on Friday, reaching $10.70. 238,891 shares of the company’s stock traded hands, compared to its average volume of 566,144. Glencore has a 52 week low of $5.74 and a 52 week high of $10.94. The company has a current ratio of 1.15, a quick ratio of 0.58 and a debt-to-equity ratio of 0.87. The firm has a fifty day moving average of $9.66 and a two-hundred day moving average of $8.75.

Wall Street Analysts Forecast Growth

GLNCY has been the subject of several analyst reports. Morgan Stanley reiterated an “overweight” rating on shares of Glencore in a research note on Tuesday, December 16th. Sanford C. Bernstein cut Glencore from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 22nd. Berenberg Bank raised Glencore from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 17th. Citigroup reiterated a “buy” rating on shares of Glencore in a research note on Friday, September 26th. Finally, UBS Group lowered shares of Glencore from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.30.

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.