Short Interest in Glencore plc (OTCMKTS:GLNCY) Expands By 851.6%

Glencore plc (OTCMKTS:GLNCY) was the target of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 330,200 shares, an increase of 851.6% from the January 15th total of 34,700 shares. Based on an average trading volume of 2,426,400 shares, the short-interest ratio is presently 0.1 days.

Glencore Stock Up 1.3 %

OTCMKTS GLNCY traded up $0.11 during trading hours on Friday, reaching $8.66. 785,734 shares of the company traded hands, compared to its average volume of 1,022,318. The company has a current ratio of 1.30, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. Glencore has a 12 month low of $8.29 and a 12 month high of $12.74. The company has a 50 day moving average of $8.98 and a two-hundred day moving average of $9.85.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GLNCY. Hsbc Global Res raised shares of Glencore from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th. BMO Capital Markets raised Glencore from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 16th. Five analysts have rated the stock with a strong buy rating, Based on data from MarketBeat, Glencore presently has an average rating of “Strong Buy”.

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.