Glencore plc (OTCMKTS:GLCNF – Get Free Report) saw a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 681,691 shares, a decrease of 44.7% from the June 15th total of 1,233,147 shares. Based on an average trading volume of 50,945 shares, the days-to-cover ratio is currently 13.4 days.
Glencore Price Performance
Shares of GLCNF opened at $7.08 on Wednesday. The firm has a fifty day moving average price of $7.46 and a 200-day moving average price of $7.08. Glencore has a 12-month low of $3.74 and a 12-month high of $8.30.
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.
Featured Stories
- Five stocks we like better than Glencore
- Why Fastenal’s Latest Drop Could Be Its Biggest Opportunity Yet
- 3 Overlooked Energy ETFs Delivering Strong Returns and Income
- 3 Space Stocks That Could Outshine SpaceX After Its IPO
- JPMorgan’s Q2 Strength Gives the Stock Rally New Support
Receive News & Ratings for Glencore Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Glencore and related companies with MarketBeat.com's FREE daily email newsletter.
