Short Interest in Glencore plc (OTCMKTS:GLCNF) Decreases By 69.4%

Glencore plc (OTCMKTS:GLCNF – Get Free Report) was the recipient of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 740,379 shares, a decrease of 69.4% from the April 15th total of 2,421,698 shares. Based on an average trading volume of 967,977 shares, the days-to-cover ratio is presently 0.8 days.

Glencore Stock Performance

Glencore stock traded down $0.42 during mid-day trading on Friday, hitting $7.52. 546,110 shares of the company were exchanged, compared to its average volume of 187,998. The business has a fifty day moving average of $7.37 and a 200 day moving average of $6.31. Glencore has a 1-year low of $3.48 and a 1-year high of $8.12.

Glencore Company Profile

(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.

Further Reading

• Five stocks we like better than Glencore
• Viking Sails to All-Time Highs—Fundamentals Signal More to Come
• Datavalut Gains Traction: 5 Reasons to Sell Now
• TMC Stock: Why This Pre-Revenue Miner Is Worth Watching
• The Power Grid Is Dying—Is It Time to Buy Its Replacement?

Receive News & Ratings for Glencore Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Glencore and related companies with MarketBeat.com's FREE daily email newsletter.