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

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

Glencore Price Performance

GLNCY stock traded up $0.01 during midday trading on Friday, reaching $6.58. 1,218,776 shares of the stock were exchanged, compared to its average volume of 1,208,488. Glencore has a 52 week low of $5.74 and a 52 week high of $12.74. The company has a fifty day moving average price of $7.31 and a 200 day moving average price of $8.63. The company has a current ratio of 1.30, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69.

Glencore Cuts Dividend

The company 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 of this dividend is Friday, May 2nd.

Analysts Set New Price Targets

Separately, Berenberg Bank raised shares of Glencore to a "strong-buy" rating in a report on Tuesday, March 11th. Six analysts have rated the stock with a strong buy rating, According to MarketBeat.com, the stock 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.