Glencore plc (OTCMKTS:GLNCY) Short Interest Update

Glencore plc (OTCMKTS:GLNCY) was the target of a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 64,500 shares, a decline of 35.2% from the December 15th total of 99,500 shares. Based on an average daily trading volume, of 1,867,400 shares, the short-interest ratio is currently 0.0 days.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. 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 shares of Glencore from a “hold” rating to a “strong-buy” rating in a report on Monday, December 16th. Finally, Barclays raised shares of Glencore to a “strong-buy” rating in a report on Wednesday, October 16th. Five research analysts have rated the stock with a strong buy rating, According to MarketBeat, the company presently has a consensus rating of “Strong Buy”.

Glencore Price Performance

Shares of Glencore stock opened at $8.96 on Wednesday. The firm has a 50-day moving average of $9.34 and a 200-day moving average of $10.28. Glencore has a 52-week low of $8.66 and a 52-week high of $12.74.

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.