Glencore plc (OTCMKTS:GLCNF – Get Free Report) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 183,939 shares, a drop of 69.4% from the August 15th total of 601,551 shares. Based on an average trading volume of 37,628 shares, the days-to-cover ratio is presently 4.9 days.
Glencore Stock Performance
Shares of OTCMKTS:GLCNF traded up $0.05 on Friday, reaching $8.15. 13,278 shares of the company were exchanged, compared to its average volume of 127,231. The company has a 50-day moving average of $7.52 and a 200-day moving average of $7.44. Glencore has a 1-year low of $4.11 and a 1-year high of $8.56.
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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