Glencore plc (OTCMKTS:GLNCY – Get Rating) saw a significant growth in short interest in December. As of December 15th, there was short interest totalling 247,700 shares, a growth of 11.4% from the November 30th total of 222,300 shares. Based on an average daily trading volume, of 848,900 shares, the short-interest ratio is currently 0.3 days.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the company. Credit Suisse Group reduced their price objective on Glencore from GBX 750 ($9.05) to GBX 700 ($8.45) in a research note on Thursday, December 8th. Deutsche Bank Aktiengesellschaft lifted their price target on Glencore from GBX 500 ($6.03) to GBX 560 ($6.76) in a research note on Wednesday, November 23rd. Sanford C. Bernstein raised shares of Glencore from a “market perform” rating to an “outperform” rating in a research note on Wednesday, November 23rd. Barclays dropped their target price on shares of Glencore from GBX 680 ($8.21) to GBX 625 ($7.54) in a research report on Wednesday, December 7th. Finally, Morgan Stanley reduced their price target on shares of Glencore from GBX 720 ($8.69) to GBX 710 ($8.57) in a research report on Thursday, December 8th.
Glencore Stock Performance
OTCMKTS:GLNCY traded down $0.07 on Monday, hitting $13.32. 172,700 shares of the company’s stock traded hands, compared to its average volume of 592,535. Glencore has a 1 year low of $9.31 and a 1 year high of $14.00. The company has a current ratio of 1.24, a quick ratio of 0.71 and a debt-to-equity ratio of 0.54. The firm has a 50-day moving average price of $12.63 and a 200-day moving average price of $11.50.
Glencore Company Profile
Glencore plc produces, refines, processes, stores, transports, and markets 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 produces and markets copper, cobalt, nickel, zinc, lead, chrome ore, ferrochrome, vanadium, alumina, aluminum, tin, and iron ore.
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