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

Glencore plc (OTCMKTS:GLNCY - Get Free Report) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 612,100 shares, a growth of 133.5% from the March 15th total of 262,100 shares. Based on an average daily volume of 1,514,600 shares, the days-to-cover ratio is currently 0.4 days.

Glencore Price Performance

GLNCY traded down $0.07 on Thursday, reaching $11.67. The company had a trading volume of 1,074,804 shares, compared to its average volume of 773,154. The business has a 50 day simple moving average of $10.38 and a 200 day simple moving average of $10.86. The company has a current ratio of 1.29, a quick ratio of 0.66 and a debt-to-equity ratio of 0.60. Glencore has a 52-week low of $9.26 and a 52-week high of $12.47.

Glencore Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, May 3rd will be paid a $0.116 dividend. The ex-dividend date is Thursday, May 2nd.

Glencore Company Profile

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, lead, nickel, zinc, 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.