Glencore plc (OTCMKTS:GLCNF) Short Interest Update

Glencore plc (OTCMKTS:GLCNF) was the target of a significant growth in short interest during the month of 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 days-to-cover ratio is currently 60.7 days.

Glencore Stock Performance

Glencore stock traded down $0.08 during mid-day trading on Tuesday, hitting $4.01. 13,330 shares of the company were exchanged, compared to its average volume of 36,200. Glencore has a 12-month low of $3.96 and a 12-month high of $6.40. The business’s 50 day simple moving average is $4.39 and its two-hundred day simple moving average 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.