Glencore plc (OTCMKTS:GLCNF – Get Free Report) was the recipient of a large drop in short interest in the month of 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 presently 31.8 days.
Glencore Stock Performance
Shares of OTCMKTS GLCNF remained flat at $7.21 during midday trading on Wednesday. The stock had a trading volume of 17,728 shares, compared to its average volume of 109,760. The firm has a 50-day moving average price of $7.69 and a two-hundred day moving average price of $7.33. 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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