Short Interest in Glencore PLC (OTCMKTS:GLNCY) Expands By 34.1%

Glencore PLC (OTCMKTS:GLNCY) was the target of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 476,404 shares, an increase of 34.1% from the December 31st total of 355,272 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 2,005,634 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 2,005,634 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

Analyst Ratings Changes

A number of brokerages have recently commented on GLNCY. Morgan Stanley reissued an “overweight” rating on shares of Glencore in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Glencore in a research note on Friday. UBS Group downgraded Glencore from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th. HSBC cut Glencore to a “hold” rating in a research report on Monday, January 26th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Glencore in a report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $9.30.

Glencore Trading Up 0.4%

GLNCY stock traded up $0.06 during trading hours on Monday, hitting $13.64. 497,983 shares of the stock were exchanged, compared to its average volume of 877,738. Glencore has a 12 month low of $5.74 and a 12 month high of $14.67. The company has a quick ratio of 0.58, a current ratio of 1.15 and a debt-to-equity ratio of 0.87. The company has a 50-day simple moving average of $11.24 and a two-hundred day simple moving average of $9.55.

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.