Short Interest in Glencore plc (OTCMKTS:GLCNF) Decreases By 69.4%

Glencore plc (OTCMKTS:GLCNF) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 183,939 shares, a decrease of 69.4% from the August 15th total of 601,551 shares. Based on an average trading volume of 37,628 shares, the short-interest ratio is currently 4.9 days.

Glencore Stock Performance

GLCNF stock traded down $0.16 during trading hours on Monday, reaching $8.00. The stock had a trading volume of 2,804 shares, compared to its average volume of 126,506. The stock has a 50-day simple moving average of $7.52 and a 200 day simple moving average of $7.45. Glencore has a fifty-two week low of $4.11 and a fifty-two week high of $8.56.

About Glencore

Glencore plc is a global leader in the production, marketing and trading of commodities. Through its diversified portfolio, the company operates in two principal segments: Metals & Minerals, and Energy Products. In Metals & Minerals, Glencore produces and trades a wide array of industrial metals, including copper, zinc, nickel, cobalt, lead, aluminum, iron ore and coal. Its Energy Products segment encompasses the sourcing, storage and distribution of crude oil, refined products, natural gas and liquefied petroleum gas, while also managing a significant agricultural trading business that handles grains, oilseeds and sugar.

Founded in 1974 by Marc Rich as Marc Rich + Co International, the company rebranded to Glencore in 1994 and has since expanded through both organic growth and strategic acquisitions.