Glencore plc (OTCMKTS:GLNCY) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 38,100 shares, a drop of 67.4% from the December 15th total of 117,000 shares. Based on an average trading volume of 552,500 shares, the short-interest ratio is currently 0.1 days.
GLNCY has been the subject of a number of analyst reports. Barclays reaffirmed an “overweight” rating on shares of Glencore in a report on Monday, December 7th. ValuEngine lowered Glencore from a “buy” rating to a “hold” rating in a report on Monday, December 7th. The Goldman Sachs Group lowered Glencore from a “buy” rating to a “neutral” rating in a report on Wednesday. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Glencore in a report on Monday, December 14th. Finally, BNP Paribas raised Glencore from a “neutral” rating to an “outperform” rating in a report on Tuesday, December 15th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $8.25.
Shares of OTCMKTS GLNCY remained flat at $$7.54 during midday trading on Wednesday. The stock had a trading volume of 366,427 shares, compared to its average volume of 329,885. The firm has a market capitalization of $50.23 billion, a P/E ratio of 23.56 and a beta of 1.81. The company’s 50-day simple moving average is $6.43 and its 200 day simple moving average is $4.95. Glencore has a 1-year low of $2.51 and a 1-year high of $7.59. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.99 and a quick ratio of 0.47.
Glencore plc produces, refines, processes, stores, transports, and markets metals and minerals, and energy products. It operates in two segments, Marketing Activities and Industrial Activities. The company produces and markets copper, cobalt, nickel, zinc, lead, chrome ore, ferrochrome, vanadium, alumina, aluminum, tin, and iron ore.
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