Short Interest in Glencore plc (OTCMKTS:GLCNF) Rises By 13.9%

Glencore plc (OTCMKTS:GLCNF) saw a significant growth in short interest in January. As of January 15th, there was short interest totalling 3,156,900 shares, a growth of 13.9% from the December 31st total of 2,772,700 shares. Based on an average daily volume of 94,900 shares, the days-to-cover ratio is currently 33.3 days.

Glencore Trading Down 0.5 %

GLCNF stock opened at $4.36 on Monday. Glencore has a 1-year low of $4.27 and a 1-year high of $6.40. The business’s 50 day moving average is $4.60 and its 200-day moving average is $5.03.

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.