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

Glencore plc (OTCMKTS:GLCNF) was the recipient of a significant drop in short interest in 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 short-interest ratio is presently 41.3 days.

Glencore Trading Down 0.5 %

Shares of GLCNF stock opened at $3.66 on Thursday. Glencore has a twelve month low of $3.61 and a twelve month high of $6.40. The stock has a 50 day moving average of $4.16 and a 200 day moving average of $4.68.

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.