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

Glencore plc (OTCMKTS:GLCNF) saw a significant decrease in short interest in 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 trading volume of 74,500 shares, the short-interest ratio is presently 30.1 days.

Glencore Price Performance

Shares of GLCNF stock opened at $4.32 on Friday. The firm has a fifty day moving average of $4.53 and a 200-day moving average of $4.95. Glencore has a 12-month low of $4.18 and a 12-month 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.