Glencore plc (OTCMKTS:GLNCY) Short Interest Down 44.5% in February

Glencore plc (OTCMKTS:GLNCY - Get Free Report) was the target of a large decline in short interest in February. As of February 28th, there was short interest totalling 175,600 shares, a decline of 44.5% from the February 13th total of 316,300 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 2,808,300 shares, the short-interest ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

GLNCY has been the topic of several recent research reports. Berenberg Bank upgraded shares of Glencore to a "strong-buy" rating in a research report on Tuesday, March 11th. BMO Capital Markets upgraded shares of Glencore from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 16th. Six equities research analysts have rated the stock with a strong buy rating, According to MarketBeat, Glencore presently has an average rating of "Strong Buy".

Glencore Stock Up 3.4 %

GLNCY stock traded up $0.27 during trading on Friday, hitting $8.32. 617,159 shares of the stock traded hands, compared to its average volume of 979,210. Glencore has a one year low of $7.84 and a one year high of $12.74. The company has a 50 day simple moving average of $8.60 and a 200 day simple moving average of $9.52. 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 Company Profile

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.