Glencore plc (OTCMKTS:GLNCY) Sees Large Growth in Short Interest

Glencore plc (OTCMKTS:GLNCY) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 262,100 shares, an increase of 448.3% from the February 29th total of 47,800 shares. Based on an average daily trading volume, of 1,488,300 shares, the days-to-cover ratio is currently 0.2 days.

Glencore Trading Up 0.6 %

Shares of GLNCY stock opened at $10.95 on Friday. Glencore has a 52-week low of $9.26 and a 52-week high of $12.47. The stock’s 50-day moving average price is $10.20 and its 200 day moving average price is $10.84. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.66 and a current ratio of 1.29.

Glencore Company Profile

Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. It operates through two segments: Marketing Activities and Industrial Activities. The company engages in production and marketing copper, cobalt, nickel, zinc, lead, chrome ore, ferrochrome, vanadium, aluminum, alumina, and iron ore; and coal, crude oil, refined products, and natural gas, as well as oil exploration/production and refining/distribution.