Glencore plc (OTCMKTS:GLNCY) Short Interest Up 542.5% in May

Glencore plc (OTCMKTS:GLNCY - Get Free Report) saw a large increase in short interest in May. As of May 15th, there was short interest totalling 355,300 shares, an increase of 542.5% from the April 30th total of 55,300 shares. Based on an average daily volume of 2,447,800 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Glencore Stock Up 1.8%

OTCMKTS:GLNCY traded up $0.14 during mid-day trading on Friday, hitting $7.61. 756,792 shares of the company's stock were exchanged, compared to its average volume of 1,163,915. The company has a 50 day simple moving average of $6.91 and a 200-day simple moving average of $8.18. The company has a quick ratio of 0.67, a current ratio of 1.30 and a debt-to-equity ratio of 0.69. Glencore has a fifty-two week low of $5.74 and a fifty-two week high of $12.44.

Glencore Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, June 18th. Investors of record on Monday, May 5th will be given a dividend of $0.085 per share. The ex-dividend date is Friday, May 2nd. This represents a yield of 2.75%.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank upgraded shares of Glencore to a "strong-buy" rating in a research note on Tuesday, March 11th. Six research analysts have rated the stock with a strong buy rating, According to MarketBeat, the stock presently has a consensus rating of "Strong Buy".

About Glencore

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.