Glencore plc (OTCMKTS:GLNCY – Get Free Report) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 149,600 shares, an increase of 174.0% from the June 15th total of 54,600 shares. Based on an average trading volume of 1,127,800 shares, the days-to-cover ratio is currently 0.1 days.
Glencore Stock Performance
Shares of OTCMKTS GLNCY opened at $12.15 on Friday. The firm has a 50-day simple moving average of $11.08 and a two-hundred day simple moving average of $11.84. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.30 and a quick ratio of 0.67. Glencore has a 1 year low of $9.45 and a 1 year high of $14.41.
The business also recently declared a dividend, which was paid on Friday, June 16th. Stockholders of record on Friday, May 5th were paid a dividend of $0.39 per share. This represents a dividend yield of 6.93%. The ex-dividend date of this dividend was Thursday, May 4th. This is an increase from Glencore’s previous dividend of $0.22.
Analyst Ratings Changes
A number of research firms have commented on GLNCY. UBS Group raised Glencore from a “neutral” rating to a “buy” rating in a report on Monday, March 20th. Bank of America upgraded Glencore from a “neutral” rating to a “buy” rating in a research report on Monday, March 20th. Morgan Stanley dropped their price target on Glencore from GBX 600 ($7.72) to GBX 590 ($7.59) in a research report on Friday, May 19th. Deutsche Bank Aktiengesellschaft dropped their price target on Glencore from GBX 575 ($7.40) to GBX 560 ($7.20) in a research report on Monday, June 5th. Finally, JPMorgan Chase & Co. dropped their price target on Glencore from GBX 620 ($7.98) to GBX 610 ($7.85) in a research report on Monday, April 24th.
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, nickel, zinc, lead, 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.
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