Short Interest in Glencore plc (OTCMKTS:GLCNF) Increases By 13.9%

Glencore plc (OTCMKTS:GLCNF) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totalling 3,156,900 shares, an increase of 13.9% from the December 15th total of 2,772,700 shares. Based on an average daily trading volume, of 94,900 shares, the days-to-cover ratio is currently 33.3 days.

Glencore Trading Down 3.5 %

Shares of OTCMKTS GLCNF opened at $4.63 on Monday. Glencore has a one year low of $4.34 and a one year high of $6.40. The firm’s 50 day simple moving average is $4.66 and its two-hundred day simple moving average is $5.13.

About Glencore

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, lead, nickel, zinc, 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.