Short Interest in Glencore plc (OTCMKTS:GLCNF) Expands By 112.8%

Glencore plc (OTCMKTS:GLCNF) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 1,233,147 shares, a growth of 112.8% from the May 31st total of 579,351 shares. Based on an average daily volume of 93,728 shares, the days-to-cover ratio is currently 13.2 days.

Glencore Price Performance

Shares of OTCMKTS GLCNF opened at $6.78 on Tuesday. Glencore has a 12-month low of $3.74 and a 12-month high of $8.30. The stock’s 50 day simple moving average is $7.62 and its 200 day simple moving average is $6.95.

Glencore Company Profile

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.