Glencore PLC (OTCMKTS:GLNCY) Shares Shorted: Short Interest Up 73.4% in October

by · The Markets Daily

Glencore PLC (OTCMKTS:GLNCY – Get Free Report) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 768,335 shares, an increase of 73.4% from the September 30th total of 443,218 shares. Based on an average daily volume of 1,224,011 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.0% of the company’s stock are sold short.

Glencore Stock Down 1.8%

Shares of Glencore stock opened at $13.45 on Wednesday. Glencore has a one year low of $8.66 and a one year high of $17.05. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.06 and a quick ratio of 0.56. The business has a 50-day simple moving average of $15.19 and a 200-day simple moving average of $14.68.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Zacks Research raised shares of Glencore from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. UBS Group upgraded shares of Glencore from a “hold” rating to a “buy” rating in a report on Friday, September 25th. Royal Bank Of Canada reissued an “outperform” rating on shares of Glencore in a research report on Thursday, October 22nd. Freedom Broker downgraded shares of Glencore from a “strong-buy” rating to a “strong sell” rating in a research note on Thursday, September 3rd. Finally, Morgan Stanley restated an “overweight” rating on shares of Glencore in a research note on Monday, August 24th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Glencore currently has a consensus rating of “Moderate Buy”.

Check Out Our Latest Report on GLNCY

Glencore Company Profile

(Get Free Report)

Glencore plc is a diversified natural resources company engaged in the production, processing, marketing and distribution of commodities. Its activities span metals and minerals, energy products and agricultural products, serving industrial customers and consumers worldwide.

The company produces and markets commodities including copper, cobalt, zinc, nickel, ferroalloys, aluminum, coal and oil. It also participates in the marketing and distribution of metals, minerals, crude oil, refined products, coal and agricultural goods.

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