Glencore plc (OTCMKTS:GLCNF) Sees Large Decline in Short Interest

Glencore plc (OTCMKTS:GLCNF) saw a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 3,208,700 shares, a drop of 18.9% from the February 28th total of 3,954,300 shares. Based on an average trading volume of 77,700 shares, the days-to-cover ratio is presently 41.3 days.

Glencore Price Performance

Shares of Glencore stock traded down $0.02 during midday trading on Wednesday, reaching $3.66. The company had a trading volume of 17,059 shares, compared to its average volume of 34,923. The stock has a fifty day moving average price of $4.18 and a 200 day moving average price of $4.68. Glencore has a fifty-two week low of $3.61 and a fifty-two week high of $6.40.

Glencore Company Profile

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.