Glencore PLC (OTCMKTS:GLNCY) Short Interest Update

Glencore PLC (OTCMKTS:GLNCY - Get Free Report) was the target of a significant decrease in short interest in May. As of May 31st, there was short interest totalling 259,600 shares, a decrease of 26.9% from the May 15th total of 355,300 shares. Currently, 0.0% of the company's stock are sold short. Based on an average daily volume of 1,527,700 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

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

Glencore Stock Down 1.4%

Shares of OTCMKTS GLNCY traded down $0.11 during mid-day trading on Friday, reaching $7.64. The company had a trading volume of 696,758 shares, compared to its average volume of 661,002. The stock has a fifty day moving average of $7.21 and a two-hundred day moving average of $7.98. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.20 and a quick ratio of 0.60. Glencore has a 12-month low of $5.74 and a 12-month high of $12.44.

Glencore Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, May 5th were issued a $0.085 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a yield of 2.75%.

Glencore Company Profile

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.