Glencore plc (OTCMKTS:GLCNF) Sees Large Decline in Short Interest

Glencore plc (OTCMKTS:GLCNF) saw a large decline in short interest in September. As of September 15th, there was short interest totalling 2,316,700 shares, a decline of 10.2% from the August 31st total of 2,578,500 shares. Based on an average trading volume of 92,200 shares, the short-interest ratio is currently 25.1 days.

Glencore Trading Up 1.3 %

OTCMKTS GLCNF opened at $5.74 on Tuesday. Glencore has a 52 week low of $4.66 and a 52 week high of $6.40. The firm has a 50 day moving average of $5.23 and a two-hundred day moving average of $5.65.

Glencore Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 30th were given a dividend of $0.065 per share. The ex-dividend date was Thursday, August 29th. This represents a dividend yield of 1.22%. Glencore’s dividend payout ratio is presently 58.52%.

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, 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.