Glencore plc (OTCMKTS:GLNCY) Short Interest Up 56.5% in March

Glencore plc (OTCMKTS:GLNCY) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 253,000 shares, a growth of 56.5% from the March 15th total of 161,700 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 1,932,300 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

Separately, Berenberg Bank raised Glencore to a “strong-buy” rating in a report on Tuesday, March 11th. Six research analysts have rated the stock with a strong buy rating, Based on data from MarketBeat.com, Glencore currently has a consensus rating of “Strong Buy”.

Glencore Stock Performance

Shares of OTCMKTS GLNCY traded up $0.08 during trading hours on Thursday, reaching $6.79. The stock had a trading volume of 1,046,915 shares, compared to its average volume of 1,201,752. The firm has a 50-day moving average of $7.69 and a 200-day moving average of $8.99. The company has a quick ratio of 0.67, a current ratio of 1.30 and a debt-to-equity ratio of 0.69. Glencore has a fifty-two week low of $5.74 and a fifty-two week high of $12.74.

About Glencore

Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. It operates through two segments: Marketing Activities and Industrial Activities. The company engages in production and marketing copper, cobalt, lead, nickel, zinc, chrome ore, ferrochrome, vanadium, aluminum, alumina, and iron ore; and coal, crude oil, refined products, and natural gas, as well as oil exploration/production and refining/distribution.