Glencore plc (OTCMKTS:GLCNF) Sees Significant Drop in Short Interest

by · The Markets Daily

Glencore plc (OTCMKTS:GLCNF – Get Free Report) saw a significant decline in short interest in August. As of August 31st, there was short interest totaling 183,939 shares, a decline of 69.4% from the August 15th total of 601,551 shares. Based on an average daily volume of 37,628 shares, the days-to-cover ratio is presently 4.9 days.

Glencore Stock Up 0.6%

Glencore stock traded up $0.05 during trading hours on Friday, hitting $8.15. The stock had a trading volume of 13,278 shares, compared to its average volume of 127,231. Glencore has a 1-year low of $4.11 and a 1-year high of $8.56. The stock’s fifty day moving average is $7.52 and its two-hundred day moving average is $7.44.

About Glencore

(Get Free Report)

Glencore plc is a global leader in the production, marketing and trading of commodities. Through its diversified portfolio, the company operates in two principal segments: Metals & Minerals, and Energy Products. In Metals & Minerals, Glencore produces and trades a wide array of industrial metals, including copper, zinc, nickel, cobalt, lead, aluminum, iron ore and coal. Its Energy Products segment encompasses the sourcing, storage and distribution of crude oil, refined products, natural gas and liquefied petroleum gas, while also managing a significant agricultural trading business that handles grains, oilseeds and sugar.

Founded in 1974 by Marc Rich as Marc Rich + Co International, the company rebranded to Glencore in 1994 and has since expanded through both organic growth and strategic acquisitions.

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