Glencore PLC (OTCMKTS:GLNCY) Short Interest Down 37.5% in July

Glencore PLC (OTCMKTS:GLNCY) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 446,412 shares, a decrease of 37.5% from the July 15th total of 714,376 shares. Based on an average daily volume of 1,649,072 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

GLNCY has been the topic of several recent research reports. Royal Bank Of Canada restated an “outperform” rating on shares of Glencore in a report on Thursday, July 30th. Zacks Research raised Glencore from a “strong sell” rating to a “hold” rating in a research report on Friday, August 7th. Citigroup reiterated a “buy” rating on shares of Glencore in a research note on Wednesday, August 12th. Freedom Capital downgraded Glencore from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Glencore in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $9.30.

Glencore Stock Down 1.1%

Shares of GLNCY stock opened at $14.82 on Wednesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.06 and a quick ratio of 0.56. Glencore has a 1-year low of $7.49 and a 1-year high of $16.62. The firm has a fifty day moving average of $14.39 and a two-hundred day moving average of $14.54.

Glencore Company Profile

Glencore is a global natural resources company engaged in the production, processing and marketing of commodities. The business combines large-scale mining and metals operations with an extensive physical commodities trading and marketing platform. Its activities span the full commodity value chain, from extraction and smelting/refining to the commercial distribution of metals and energy products to industrial customers worldwide.

Key product areas include base and precious metals (such as copper, zinc, nickel and related concentrates), bulk commodities and energy products (including thermal coal and oil) and associated value‑added materials and services.