Glencore plc (OTCMKTS:GLCNF – Get Free Report) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 681,691 shares, a decline of 44.7% from the June 15th total of 1,233,147 shares. Based on an average daily trading volume, of 50,945 shares, the days-to-cover ratio is currently 13.4 days.
Glencore Stock Down 2.2%
Shares of GLCNF traded down $0.15 during trading hours on Thursday, reaching $6.94. The stock had a trading volume of 99,844 shares, compared to its average volume of 157,205. Glencore has a 12 month low of $3.74 and a 12 month high of $8.30. The company’s 50-day moving average is $7.45 and its two-hundred day moving average is $7.09.
About Glencore
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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