Glencore plc (OTCMKTS:GLCNF – Get Free Report) was the target of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 681,691 shares, a decline of 44.7% from the June 15th total of 1,233,147 shares. Based on an average daily volume of 50,945 shares, the days-to-cover ratio is presently 13.4 days.
Glencore Stock Performance
Shares of OTCMKTS:GLCNF opened at $7.08 on Wednesday. Glencore has a 52-week low of $3.74 and a 52-week high of $8.30. The business has a 50-day moving average price of $7.46 and a 200-day moving average price of $7.08.
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.
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