Glencore plc (OTCMKTS:GLCNF – Get Free Report) saw a large growth in short interest in September. As of September 30th, there was short interest totaling 3,464,237 shares, a growth of 643.7% from the September 15th total of 465,805 shares. Based on an average daily volume of 28,941 shares, the short-interest ratio is presently 119.7 days.
Glencore Stock Up 3.1%
Shares of GLCNF traded up $0.23 during trading hours on Friday, hitting $7.74. The stock had a trading volume of 10,329 shares, compared to its average volume of 115,618. The company’s fifty day moving average is $7.73 and its two-hundred day moving average is $7.52. Glencore has a 52 week low of $4.35 and a 52 week high of $8.56.
About Glencore
Glencore plc is a Switzerland-based natural resources company engaged in the production, processing, refining, recycling, and marketing of commodities. Its activities span metals and minerals, energy products, and agricultural products, serving industrial customers and consumers worldwide.
The company produces and markets copper, cobalt, zinc, lead, nickel, ferroalloys, and other metals, as well as coal and oil-related products. Glencore also operates recycling businesses that recover metals from industrial materials and end-of-life products.
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