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

Glencore plc (OTCMKTS:GLNCY) was the target of a significant decline in short interest in the month of 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. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 2,808,300 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

GLNCY has been the topic of a number of recent analyst reports. BMO Capital Markets upgraded shares of Glencore from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 16th. Berenberg Bank upgraded shares of Glencore to a “strong-buy” rating in a report on Tuesday, March 11th. Six investment analysts have rated the stock with a strong buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

Glencore Trading Up 3.4 %

Shares of OTCMKTS GLNCY traded up $0.27 during midday trading on Friday, reaching $8.32. 617,159 shares of the stock were exchanged, compared to its average volume of 979,210. Glencore has a 52-week low of $7.84 and a 52-week high of $12.74. The stock has a 50 day moving average price of $8.60 and a 200-day moving average price of $9.52. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.30.

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.