Glencore plc (OTCMKTS:GLCNF) Short Interest Up 26.0% in February

Glencore plc (OTCMKTS:GLCNF) was the recipient of a significant growth in short interest in February. As of February 28th, there was short interest totalling 3,954,300 shares, a growth of 26.0% from the February 13th total of 3,138,700 shares. Based on an average daily trading volume, of 62,800 shares, the short-interest ratio is presently 63.0 days.

Glencore Stock Performance

OTCMKTS GLCNF traded down $0.03 during mid-day trading on Tuesday, reaching $4.20. 35,523 shares of the stock were exchanged, compared to its average volume of 37,121. Glencore has a 1 year low of $3.96 and a 1 year high of $6.40. The business’s 50 day moving average is $4.32 and its 200-day moving average is $4.77.

About Glencore

Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of 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 engages in production and marketing copper, cobalt, lead, nickel, zinc, chrome ore, ferrochrome, vanadium, aluminum, alumina, and iron ore; and coal, crude oil, refined products, and natural gas, as well as oil exploration/production and refining/distribution.