Short Interest in Glencore plc (OTCMKTS:GLNCY) Expands By 43.6%

Glencore plc (OTCMKTS:GLNCY - Get Free Report) saw a large growth in short interest in April. As of April 15th, there was short interest totalling 363,400 shares, a growth of 43.6% from the March 31st total of 253,000 shares. Based on an average daily volume of 4,714,300 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Glencore Stock Performance

Shares of GLNCY traded up $0.07 during mid-day trading on Monday, reaching $6.65. The company's stock had a trading volume of 2,068,338 shares, compared to its average volume of 1,217,443. Glencore has a 52 week low of $5.74 and a 52 week high of $12.74. The company has a current ratio of 1.30, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. The company's fifty day moving average price is $7.31 and its two-hundred day moving average price is $8.62.

Glencore Cuts Dividend

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

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised 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, Based on data from MarketBeat, the company has an average 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.