Glencore plc (OTCMKTS:GLCNF) Sees Significant Decrease in Short Interest

Glencore plc (OTCMKTS:GLCNF) was the target of a significant drop in short interest in 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 currently 41.3 days.

Glencore Stock Performance

Shares of GLCNF stock opened at $3.66 on Thursday. Glencore has a fifty-two week low of $3.61 and a fifty-two week high of $6.40. The stock’s 50-day simple moving average is $4.16 and its 200-day simple moving average is $4.68.

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.