Glencore plc (OTCMKTS:GLNCY - Get Free Report) saw a large increase in short interest in 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 currently 0.1 days.
Glencore Stock Up 1.8 %
GLNCY traded up $0.16 on Friday, hitting $8.82. The company had a trading volume of 530,523 shares, compared to its average volume of 1,022,318. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.30 and a quick ratio of 0.67. The stock has a fifty day moving average price of $8.97 and a 200-day moving average price of $9.83. Glencore has a 12-month low of $8.29 and a 12-month high of $12.74.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on the stock. Hsbc Global Res upgraded shares of Glencore from a "hold" rating to a "strong-buy" rating in a report on Monday, October 28th. BMO Capital Markets raised shares of Glencore from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 16th. Five investment analysts have rated the stock with a strong buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Strong Buy".
Check Out Our Latest Report on Glencore
Glencore Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Glencore, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Glencore wasn't on the list.
While Glencore currently has a "Strong Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
