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

Glencore plc (OTCMKTS:GLCNF) was the recipient of a large growth in short interest in February. As of February 15th, there was short interest totalling 3,138,700 shares, a growth of 39.8% from the January 31st total of 2,245,800 shares. Based on an average daily volume of 51,700 shares, the short-interest ratio is currently 60.7 days.

Glencore Stock Down 2.0 %

GLCNF traded down $0.08 during trading on Tuesday, reaching $4.01. 13,330 shares of the stock were exchanged, compared to its average volume of 36,200. Glencore has a 1 year low of $3.96 and a 1 year high of $6.40. The business’s 50 day moving average price is $4.39 and its two-hundred day moving average price is $4.85.

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.