Glencore plc (OTCMKTS:GLCNF) Short Interest Down 69.4% in August

Glencore plc (OTCMKTS:GLCNF) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 183,939 shares, a decrease of 69.4% from the August 15th total of 601,551 shares. Based on an average daily trading volume, of 37,628 shares, the short-interest ratio is currently 4.9 days.

Glencore Price Performance

OTCMKTS:GLCNF traded up $0.05 during mid-day trading on Friday, hitting $8.15. 13,278 shares of the stock traded hands, compared to its average volume of 127,231. The business’s 50-day moving average price is $7.52 and its 200 day moving average price is $7.44. Glencore has a 12-month low of $4.11 and a 12-month high of $8.56.

About Glencore

Glencore plc is a global leader in the production, marketing and trading of commodities. Through its diversified portfolio, the company operates in two principal segments: Metals & Minerals, and Energy Products. In Metals & Minerals, Glencore produces and trades a wide array of industrial metals, including copper, zinc, nickel, cobalt, lead, aluminum, iron ore and coal. Its Energy Products segment encompasses the sourcing, storage and distribution of crude oil, refined products, natural gas and liquefied petroleum gas, while also managing a significant agricultural trading business that handles grains, oilseeds and sugar.

Founded in 1974 by Marc Rich as Marc Rich + Co International, the company rebranded to Glencore in 1994 and has since expanded through both organic growth and strategic acquisitions.