Glencore plc (OTCMKTS:GLCNF – Get Free Report) was the target of a large drop in short interest in October. As of October 15th, there was short interest totaling 901,998 shares, a drop of 74.0% from the September 30th total of 3,464,237 shares. Based on an average daily volume of 28,389 shares, the short-interest ratio is currently 31.8 days.
Glencore Price Performance
Shares of OTCMKTS GLCNF traded down $0.08 during trading on Thursday, reaching $7.17. The stock had a trading volume of 14,210 shares, compared to its average volume of 108,874. The firm’s 50 day moving average price is $7.68 and its two-hundred day moving average price is $7.34. Glencore has a one year low of $4.35 and a one year 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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