Glencore plc (OTCMKTS:GLNCY – Get Rating) was the target of a significant decline in short interest in the month of December. As of December 30th, there was short interest totalling 192,800 shares, a decline of 22.2% from the December 15th total of 247,700 shares. Based on an average daily volume of 633,800 shares, the short-interest ratio is presently 0.3 days.
Glencore Stock Up 0.6 %
GLNCY opened at $14.07 on Friday. The business’s fifty day moving average is $13.05 and its two-hundred day moving average is $11.70. The company has a current ratio of 1.24, a quick ratio of 0.71 and a debt-to-equity ratio of 0.54. Glencore has a one year low of $9.31 and a one year high of $14.41.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on GLNCY. Deutsche Bank Aktiengesellschaft boosted their target price on Glencore from GBX 560 ($6.83) to GBX 575 ($7.02) in a report on Tuesday, January 10th. Barclays decreased their price target on Glencore from GBX 680 ($8.30) to GBX 625 ($7.63) in a research note on Wednesday, December 7th. Morgan Stanley decreased their price target on Glencore from GBX 720 ($8.79) to GBX 710 ($8.66) in a research note on Thursday, December 8th. Sanford C. Bernstein upgraded Glencore from a “market perform” rating to an “outperform” rating in a research note on Wednesday, November 23rd. Finally, JPMorgan Chase & Co. lifted their price target on Glencore from GBX 600 ($7.32) to GBX 650 ($7.93) in a research note on Wednesday, December 14th.
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.
- Get a free copy of the StockNews.com research report on Glencore (GLNCY)
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