Glencore plc (OTCMKTS:GLNCY - Get Free Report) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totalling 788,500 shares, a growth of 323.0% from the September 30th total of 186,400 shares. Based on an average daily trading volume, of 874,900 shares, the short-interest ratio is presently 0.9 days.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on GLNCY shares. Barclays upgraded Glencore to a "strong-buy" rating in a research note on Wednesday, October 16th. The Goldman Sachs Group raised Glencore to a "strong-buy" rating in a research report on Thursday, August 8th. Royal Bank of Canada upgraded Glencore to a "moderate buy" rating in a research note on Thursday, August 8th. Finally, Citigroup upgraded shares of Glencore to a "strong-buy" rating in a research note on Thursday, August 8th.
View Our Latest Stock Analysis on GLNCY
Glencore Trading Up 0.8 %
Shares of OTCMKTS GLNCY traded up $0.08 during mid-day trading on Friday, reaching $10.40. 516,057 shares of the company's stock were exchanged, compared to its average volume of 509,158. The firm has a 50-day moving average price of $10.53 and a two-hundred day moving average price of $11.24. Glencore has a 52 week low of $9.26 and a 52 week high of $12.74.
Glencore Cuts Dividend
The business also recently declared a dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were paid a dividend of $0.1105 per share. The ex-dividend date of this dividend was Friday, August 30th.
Glencore Company Profile
(
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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.
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