Short Interest in Glencore plc (OTCMKTS:GLNCY) Grows By 603.5%

Glencore plc (OTCMKTS:GLNCY) was the recipient of a large increase in short interest in August. As of August 15th, there was short interest totalling 140,700 shares, an increase of 603.5% from the July 31st total of 20,000 shares. Based on an average daily volume of 1,403,200 shares, the short-interest ratio is presently 0.1 days.

Glencore Stock Up 0.0 %

Shares of GLNCY opened at $10.80 on Wednesday. The business has a 50-day moving average of $11.18 and a 200-day moving average of $11.19. Glencore has a 1 year low of $9.26 and a 1 year high of $12.74. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.66 and a current ratio of 1.29.

Glencore Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.1105 per share. The ex-dividend date of this dividend is Friday, August 30th.

Wall Street Analysts Forecast Growth

GLNCY has been the subject of a number of analyst reports. Citigroup upgraded shares of Glencore to a “strong-buy” rating in a research report on Thursday, August 8th. The Goldman Sachs Group raised Glencore to a “strong-buy” rating in a report on Thursday, August 8th. Finally, Royal Bank of Canada raised Glencore to a “moderate buy” rating in a report on Thursday, August 8th.

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.