Glencore plc (OTCMKTS:GLNCY) Sees Large Growth in Short Interest

Glencore plc (OTCMKTS:GLNCY) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 262,100 shares, a growth of 448.3% from the February 29th total of 47,800 shares. Based on an average daily volume of 1,488,300 shares, the days-to-cover ratio is currently 0.2 days.

Glencore Trading Up 0.6 %

Shares of OTCMKTS:GLNCY opened at $10.95 on Friday. The business’s 50 day moving average price is $10.20 and its 200-day moving average price is $10.84. Glencore has a 1 year low of $9.26 and a 1 year high of $12.47. The company has a current ratio of 1.29, a quick ratio of 0.66 and a debt-to-equity ratio of 0.60.

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, nickel, zinc, lead, 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.