Glencore plc (OTCMKTS:GLNCY - Get Rating) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totalling 377,800 shares, an increase of 92.5% from the April 15th total of 196,300 shares. Based on an average daily volume of 1,466,600 shares, the short-interest ratio is presently 0.3 days.
GLNCY traded up $0.27 during mid-day trading on Friday, reaching $11.24. The stock had a trading volume of 439,949 shares, compared to its average volume of 523,809. The company has a quick ratio of 0.59, a current ratio of 1.17 and a debt-to-equity ratio of 0.75. The firm's fifty day simple moving average is $12.74 and its two-hundred day simple moving average is $11.22. Glencore has a 52 week low of $7.91 and a 52 week high of $14.00.
The company also recently disclosed a dividend, which will be paid on Monday, June 6th. Shareholders of record on Friday, April 22nd will be given a $0.221 dividend. The ex-dividend date is Thursday, April 21st. This represents a yield of 2.88%.
A number of equities research analysts recently commented on GLNCY shares. JPMorgan Chase & Co. decreased their price target on Glencore from 10,100.00 to 9,700.00 in a research report on Friday, January 14th. Jefferies Financial Group increased their price target on Glencore from GBX 550 ($6.78) to GBX 600 ($7.40) in a research report on Wednesday, March 9th. Deutsche Bank Aktiengesellschaft decreased their price target on Glencore from GBX 590 ($7.27) to GBX 580 ($7.15) in a research report on Thursday. Zacks Investment Research upgraded Glencore from a "hold" rating to a "strong-buy" rating and set a $13.00 price target on the stock in a research report on Friday, February 11th. Finally, HSBC started coverage on Glencore in a research report on Friday, March 18th. They set a "buy" rating on the stock. Ten investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $2,302.60.
Glencore Company Profile (Get Rating)
Glencore plc produces, refines, processes, stores, transports, and markets 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 produces and markets copper, cobalt, nickel, zinc, lead, chrome ore, ferrochrome, vanadium, alumina, aluminum, tin, and iron ore.
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