Glencore plc (OTCMKTS:GLCNF) Short Interest Update

Glencore plc (OTCMKTS:GLCNF) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 1,233,147 shares, a growth of 112.8% from the May 31st total of 579,351 shares. Based on an average daily trading volume, of 93,728 shares, the days-to-cover ratio is presently 13.2 days.

Glencore Stock Performance

Shares of Glencore stock opened at $6.78 on Thursday. Glencore has a one year low of $3.74 and a one year high of $8.30. The firm has a fifty day moving average of $7.59 and a two-hundred day moving average of $6.97.

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.