Glencore plc (OTCMKTS:GLCNF – Get Free Report) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 465,805 shares, an increase of 153.2% from the August 31st total of 183,939 shares. Based on an average daily trading volume, of 41,192 shares, the short-interest ratio is presently 11.3 days.
Glencore Stock Down 1.5%
OTCMKTS:GLCNF traded down $0.12 during trading hours on Monday, hitting $7.32. 36,688 shares of the company’s stock traded hands, compared to its average volume of 120,386. The stock’s fifty day moving average price is $7.64 and its two-hundred day moving average price is $7.48. Glencore has a twelve month low of $4.35 and a twelve month high of $8.56.
About Glencore
Glencore plc is a Switzerland-based diversified natural resources company engaged in the production, processing, marketing and distribution of commodities. Its operations span metals and minerals, energy products and agricultural products, serving industrial customers and consumers around the world.
The company produces and markets commodities including copper, cobalt, zinc, nickel, ferroalloys, coal and oil. Through its marketing and trading activities, Glencore sources commodities from its own operations and third-party producers and supplies them to manufacturers, processors, utilities and other commercial customers.
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