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

Glencore plc (OTCMKTS:GLCNF) was the target of a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 2,245,800 shares, a decrease of 25.6% from the January 15th total of 3,019,300 shares. Based on an average daily trading volume, of 74,500 shares, the short-interest ratio is presently 30.1 days.

Glencore Stock Performance

Shares of OTCMKTS GLCNF opened at $4.32 on Friday. The company’s 50 day simple moving average is $4.53 and its 200 day simple moving average is $4.95. Glencore has a fifty-two week low of $4.18 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.