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. Currently, 0.0% of the company's shares are sold short. Based on an average daily trading volume, of 2,447,800 shares, the days-to-cover ratio is currently 0.1 days.
Analysts Set New Price Targets
Separately, Berenberg Bank upgraded Glencore to a "strong-buy" rating in a report on Tuesday, March 11th. Six investment analysts have rated the stock with a strong buy rating, According to MarketBeat.com, the company has a consensus rating of "Strong Buy".
Check Out Our Latest Stock Analysis on GLNCY
Glencore Trading Up 1.2%
Shares of OTCMKTS GLNCY traded up $0.09 during mid-day trading on Monday, reaching $7.70. 1,155,833 shares of the company's stock were exchanged, compared to its average volume of 1,166,359. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.30. Glencore has a 52-week low of $5.74 and a 52-week high of $12.44. The company's 50-day moving average is $6.91 and its 200-day moving average is $8.15.
Glencore Cuts Dividend
The firm also recently declared a dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Monday, May 5th will be issued a dividend of $0.085 per share. This represents a dividend yield of 2.75%. The ex-dividend date is Friday, May 2nd.
About Glencore
(
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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.
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