Glencore Plc (OTCMKTS:GLCNF) Sees Significant Increase In Short Interest

Glencore plc (OTCMKTS:GLCNF – Get Rating) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 2,104,100 shares, a growth of 10.0% from the September 15th total of 1,912,000 shares. Based on an average trading volume of 75,800 shares, the days-to-cover ratio is presently 27.8 days.
Glencore Trading Down 0.7 %
OTCMKTS GLCNF opened at $5.48 on Wednesday. Glencore has a one year low of $4.55 and a one year high of $7.00. The stock has a 50 day moving average price of $5.57 and a 200-day moving average price of $5.80.
Glencore Company Profile
Glencore plc produces, refines, processes, stores, transports, and markets 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 produces and markets copper, cobalt, nickel, zinc, lead, chrome ore, ferrochrome, vanadium, alumina, aluminum, tin, and iron ore.