Glencore plc (OTCMKTS:GLNCY) Short Interest Update

Glencore plc (OTCMKTS:GLNCY) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 73,500 shares, a growth of 297.3% from the August 31st total of 18,500 shares. Based on an average trading volume of 1,525,300 shares, the short-interest ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Royal Bank of Canada upgraded Glencore to a “moderate buy” rating in a report on Thursday, August 8th. The Goldman Sachs Group raised shares of Glencore to a “strong-buy” rating in a report on Thursday, August 8th. Finally, Citigroup raised shares of Glencore to a “strong-buy” rating in a research report on Thursday, August 8th.

Glencore Price Performance

OTCMKTS:GLNCY traded up $0.73 during mid-day trading on Friday, hitting $11.36. 1,081,062 shares of the stock traded hands, compared to its average volume of 615,302. The business’s 50-day moving average price is $10.41 and its 200 day moving average price is $11.24. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.29 and a quick ratio of 0.66. Glencore has a 12-month low of $9.26 and a 12-month high of $12.74.

Glencore Cuts Dividend

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

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.