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

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

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Citigroup reiterated a “buy” rating on shares of Glencore in a research note on Friday, September 26th. Berenberg Bank upgraded shares of Glencore from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 17th. Morgan Stanley reissued an “overweight” rating on shares of Glencore in a report on Tuesday, December 16th. Barclays reaffirmed an “overweight” rating on shares of Glencore in a report on Monday, December 8th. Finally, UBS Group cut 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 given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $9.30.

Glencore Stock Up 0.8%

OTCMKTS GLNCY traded up $0.08 during trading on Friday, hitting $10.70. 238,891 shares of the stock traded hands, compared to its average volume of 566,144. 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 $10.94. The firm has a 50-day simple moving average of $9.66 and a 200-day simple moving average of $8.75.

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.